AEOI refers to the automatic exchange, between international tax authorities, of information on Financial Accounts held by individuals, corporations, partnerships, trusts etc.
On 3 March 2017, the Irish Revenue Commissioners published an updated version of the Irish CRS FAQs (PDF, 100KB) on the implementation of CRS in Ireland.
The new Irish CRS FAQs provide additional guidance and clarity on Customer Information Notices and umbrella vs. sub-fund CRS reporting. Please click here for further details (PDF, 218KB).
The Irish FATCA and CRS reporting deadline with respect to the calendar year ended 31 December 2016 is fast approaching on 30 June 2017. This will be the first year of reporting under CRS.
Should you require assistance with meeting your FATCA and CRS obligations, in particular with respect to filing your FATCA and CRS returns in advance of the 30 June deadline, please contact a member of our AEOI team.