Germany releases CRS Infobrief 07/2019

On 30 July 2019, German Federal Central Tax Office (“Bundeszentralamt für Steuern” or “BZSt”) issued a newsletter “CRS Infobrief 07/2019”, providing updated information regarding the Common Reporting Standard (“CRS”) (Link-German). The system malfunction with regard to the error message „CRS_E_MESS_049 (“Die Daten zum ReportingFI dürfen sich nicht verändern“)“ has been resolved. All reports made between 29 May 2019 and 21 July 2019 which were marked with the above error message will be reprocessed ex officio.

If the new output still contains the above error message, it will not have been as a result of a system malfunction and should be re-checked and adjusted by the transmitting Financial Institution.

Please note that the reprocessing can lead to changed or new error messages.

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