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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 06/2020) with information for financial institutions concerning the common reporting standard (CRS) regime.

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The newsletter contains the following updates:

  • Correction to CRS v2.0 schema files: CRS schema v2.0 (previously published in the Infobrief 05/2020) reflected a slight deviation from the schema published by the OECD, and this has been corrected.
  • Deletion of deliveries from the test environment: All deliveries in the CRS test environment were deleted, as of 31 October 2020, and will no longer be available to reference for previously transmitted data records.
  • Availability of the test environment: The CRS test system will face interruptions due to the CRS schema change. The current test schema v1.0 is available until 30 November 2020. The test environment with the new CRS schema v2.0 can be used from 1 February 2021. In the meantime, the test system will not be accessible.
  • Information on encrypted communication with the BZSt: Answers to a request will be sent by an encrypted email.

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

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