The Luxembourg tax authorities issued a reminder that, as from 6 January 2021, the new versions of XSD schema for data message and status message are in force in the production environment for FATCA and common reporting standard (CRS) purposes.
As a consequence, any FATCA or CRS report generated in accordance with the former formatting rules will be rejected by the Luxembourg tax authorities.
As a general comment, we would like to remind you that new versions of the FATCA Technical Guidance (circular from the ECHA director of contributions - n ° 3 of 10 August 2020) and of the CRS Technical Guidance (circular of the ECHA - n ° 4 of 10 August 2020) have been released to provide detailed instructions about the changes in the schema.
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