Germany: Updated CRS guidance

Introduction of a plausibility check on the “IN” (identification number) field of financial institutions

Plausibility check on the identification number field of financial institutions

Germany’s central tax office (BZSt) released guidance (CRS Newsletter 07/2021) with updated information concerning the common reporting standard (CRS) regime.

The updated information concerns:

  • The introduction of a plausibility check on the “IN” (identification number) field of financial institutions
  • An update to the communication manuals

Read a December 2021 report [PDF 121 KB] prepared by the KPMG member firm in Germany

 

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