Denmark Tax Agency Updates CRS Guide for 2024 Reporting

The Danish Customs and Tax Administration Jan. 10 issued updated Guide No. 14, on the 2024 financial information reporting procedures under the common reporting standard (CRS). Topics covered include: 1) the May 1 deadline to file information reports on financial accounts held by persons subject to tax abroad; 2) required taxpayer identification information; 3) deregistration procedures and requirements; 4) report filing requirements under the updated CRS XML schema and user guide (version 3.0); 5) the deadlines to correct errors and resubmit reports; and 6) the business test environment to test file formats and business validations before reporting. [Denmark, Customs and ...