Japan: Updated FAQs on AEOI reporting system under CRS regime
Updated version of FAQs on the automatic exchange of information reporting system
Updated version of FAQs on the automatic exchange of information reporting system
Japan’s tax agency published an updated version of “frequently asked questions” (FAQs) on the automatic exchange of information (AEOI) reporting system under the common reporting standard (CRS) regime.
The updates are as follows:
- Added a question on the process to confirm the completion of CRS reporting through the e-tax portal. A message for "Financial account information report for non-residents" procedures will be sent to the financial institution’s inbox in the portal when the CRS reporting has been completed through the e-tax portal. The reporting will be deemed to be completed if the reception result column of the message displays “receipt completed” (Q 1.1.12).
- Updated the question regarding the country (region) code that should be used when generating data for the report to reflect the latest list of reportable jurisdictions (Q 3.2).
Read a January 2023 report [PDF 373 KB] prepared by the KPMG member firm in Japan
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