Germany: Updated CRS guidance

Standards concerning the automatic exchange of financial account information in tax matters

Standards concerning automatic exchange of financial account information in tax matters

Germany’s central tax office (BZSt) released guidance (CRS Newsletter 05/2021) that provides an update to Article 7 of the StAbwGEG (Steueroasen-Abwehrgesetz), documenting the laws to defend against tax avoidance and unfair tax competition.

Effective 1 July 2021, Article 7 StAbwGEG changes and supplements the standards concerning the automatic exchange of financial account information in tax matters (Finanzkonten-Informationsaustauschgesetz - FKAustG).
 

Read an August 2021 report [PDF 125 KB] prepared by the KPMG member firm in Germany

 

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