Germany: CRS guidance for financial institutions | KPMG | GLOBAL
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Germany: CRS guidance for financial institutions

Germany: CRS guidance for financial institutions

Germany’s central tax office (BZSt) on 1 June 2017 released a newsletter—Infobrief CRS 03/2017—providing information to financial institutions about the submission of common reporting standard (CRS) returns, the transmission protocol, the revision of the communication manual, and adjustments of the inspection rules for the “controlling person.”


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According to the newsletter:

  • The online form for the transmission of manual CRS returns has been made available from 1 June 2017.
  • Parts 3a, 3b and 4 of the CRS communication manual have been revised.
  • The European Commission has introduced short-term adjustments regarding the inspection rules and regulations concerning the “controlling person” to align with the standards of the Organisation for Economic Cooperation and Development (OECD) and the EU.


Read a June 2017 report [PDF 94 KB] prepared by the KPMG member firm in Germany

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