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Extension of the reporting period for CRS information

Due to the impact of the COVID-19 pandemic, financial institutions have initiated relevant containment measures. They conveyed that employee scheduling is being constrained, and therefore it is difficult to complete the reporting requirement within the originally scheduled period from June 1 to June 30, 2021. The Ministry of Finance, in accordance with the second paragraph of Article 51 of the “Regulations Governing the Implementation of the Common Standard on Reporting and Due Diligence for Financial Institutions,”made a public announcement that the reporting period for 2020 financial account information in tax matters (CRS information) was originally from June 1 to June 30, 2021, and the deadline is now extended to August 2, 2021.

Issued:Dept. of Planning Release date:2021-07-12 Last updated:2021-07-13