Australia Tax Agency Posts Guide on CRS, FATCA Obligations

The Australian Taxation Office July 15 posted online a self-review guide and toolkit to assist financial institutions with CRS and FATCA obligations. The guide includes: 1) the tax agency’s approach in reviewing AEOI obligations; 2) practical guidance for taxpayers to self-review AEOI obligations; 3) information on penalties for noncompliance; and 4) appendices containing information on common issues and errors during reporting, data tests, the AEOI testing plan sample, and an AEOI self-assessment checklist. [Australia, Australian Taxation Office, 07/15/22]

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View Announcement. View Guide. View Index.