AEOI & BEPS News and Press releases
Below is a list of reportable jurisdictions with whom information is exchanged for tax purposes in accordance with the Common Reporting Standard (CRS) and the Country-by-Country Reporting (CbCR). The list of exchange partners is subject to revision, and this notice will be updated when the need arises to reflect any such changes.
Kindly be advised that our Corozal Branch Office will be closed from Wednesday November 29th to November 30th, 2023 for relocation to …..
CRS XML Upload Filing
To perform a CRS XML Upload Filing reporting New Data, kindly follow the steps below:
Note: Our CRS portal will accept files which are CRS XML Schema 2.0 compliant only. For CRS XML Schema 2.0 and CRS User Guide visit https://www.oecd.org/tax/automatic-exchange/common-reporting-standard/schema-and-user-guide/. Also, ensure your XML files are under 30MB in size.
1. Select Filings from the main Menu to access the Manage Filings page.
2. Click the Create Filing button. Enter Filing Name of your choice. Select CRS XML Upload Filing filing type. Enter applicable Period End Date (31 December of relevant filing year). Click the Create button.
3. Select filing name created at the screen that pops up. Your filing will also be available in the draft filings section of the Filings menu.
CRS Filings Summary/Nil Report
These instructions are provided for financial institutions to submit a Nil report or CRS Filing Summary after reporting is complete.
1. Select Filings from the main Menu to access the Manage Filings page.
2. Click the Create Filing button. Enter Filing Name of your choice. Select CRS Filing Summary filing type. Enter applicable Period End Date (31 December of relevant filing year). Click the Create button.
3. Select filing created at the screen that pops up next. Filing will also be available in the Draft Filings section of the Filings menu.
CRS Manual Filing
To perform a manual CRS Filing reporting New Data, kindly follow the steps below:
1. Select Filings from the main Menu to access the Manage Filings page.
2. Click the Create Filing button. Enter Filing Name of your choice. Select CRS Manual Entry filing type. Enter applicable Period End Date (31 December of relevant filing year). Click the Create button.
3. Select filing name created at the screen that pops up. Your filing will also be available in the draft filings section of the Filings menu.
The Mutual Administrative Assistance In Tax Matters (Automatic Exchange Of Country-By-Country Reports) Regulation S.I. No. 57 of 2020 Section (“CbC Regulations”) was published in April 18th, 2020 and has thereafter entered into force. The requirement to file CbC Reports forms part of the enhanced transfer pricing documentation set out in BEPS Action 13 report.