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Flyingboat News

Guernsey: CRS Consultation

Oct 1, 2015

The States of Guernsey has issued a consultation document regarding the draft regulations for implementing the Common Reporting Standard. The Guernsey Income Tax authority is inviting responses by 23rd October 2015. The documents and more information regarding the draft regulations can be found on the States Of Guernsey website.

The draft reporting schema for CRS has been published and will be introduced into Flyingboat Tax Data Exchange software in a future release. Flyingboat Tax Data Exchange software helps organisations meet their tax reporting requirements under agreements including US-FATCA, UK-FATCA, CRS and other reporting tax data exchange requirements as they emerge.