knowledge | 16 March 2018 |
Returns under the Common Reporting Standard (“CRS”) - Filing Portal now open
The Revenue Commissioners have today, 16 March 2018 announced that the CRS/DAC2 filing portal is now open in respect of returns under the CRS for the 2017 period. The deadline for such returns is 30 June 2018.
The Revenue Commissioners have also stated that amendments or corrections to 2016 returns must be made without undue delay.
Under the CRS, financial institutions are required to obtain and report to the Revenue Commissioners annually certain financial account and other information for all new and existing account holders (and, in certain circumstances, their controlling persons). This information may be shared with tax authorities in other EU Member States and jurisdictions which implement the CRS.
To the extent that you are impacted by the content of this briefing, please contact a member of McCann FitzGerald’s Tax Group.
This briefing is for general guidance only and should not be regarded as a substitute for professional advice. Such advice should always be taken before acting on any of the matters discussed.