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Germany: Updated CRS guidance for financial institutions

Germany: CRS guidance for financial institutions

Germany’s central tax office (BZSt) released a newsletter (Infobrief CRS 02/2020, 8 May 2020) with information for financial institutions concerning the common reporting standard (CRS) regime.

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The updated information reflects that:

  • There is no extension of the filing deadline (as of 8 May 2020).
  • The production environment for the 2019 reporting period is available for transmission of CRS data (regardless of a possible CRS deadline extension). CRS reports need to be submitted based on the 2019 state exchange list, until the final 2020 state exchange list is announced.
  • An update to the CRS schema—to version 2.0—will be applicable from 1 January 2021.
  • The revised communication manual related to the new CRS XML schema V2.0 is available electronically.
  • The test environment related to data transmission is available.
  • Only test data or anonymized data can be imported to the test environment.
  • The German language version of the CRS manual is available.
  • Video tutorials are available.


Read a May 2020 report [PDF 82 KB] prepared by the KPMG member firm in Germany

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