The electronic reporting of 2024 financial account information in tax matters (CRS) was completed smoothly on June 30, 2025. The Ministry of Finance appreciates the support of financial institutions and their compliance with policies and regulations. According to the statistics provided by the Fiscal Information Agency, Ministry of Finance, there were 1,842 financial institutions reporting relevant data; and 203,336 reportable accounts held or controlled by tax residents of Australia, Japan, or the United Kingdom (U.K.) were reported. The aggregated account balance on December 31, 2024 and the total payment of dividends, interest, gross proceeds from the sale or redemption of financial assets, or other income that was made to those reportable accounts during 2024 are listed below in $NTD:
| Country |
Number of Reportable Accounts |
Balance of Reportable Accounts |
Payment to Reportable Accounts |
| Australia |
38,350 |
29.3 billion |
19.1 billion |
| Japan |
134,317 |
86.1 billion |
19.8 billion |
| the U.K. |
30,669 |
56.5 billion |
7.5 billion |
| Total |
203,336 |
171.9 billion |
46.4 billion |
| Date of Data: 2025.7.10 |
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The Ministry of Finance announced that the National Taxation Bureaus will conduct the annual record or on-site examination from this July or August which are tailored to their respective regional characteristics and guided by a risk-oriented basis. These risk factors include but are not limited to the records of compliance with financial or tax regulations, as well as whether or not significant fluctuations in the reported numbers, balances, or payments of reportable accounts have taken place by comparing those reports with those from last year.
Financial institutions are advised to refer to “Common or systemic deficiencies in CRS compliance reviews” on the website of the Ministry of Finance (https://www.mof.gov.tw/singlehtml/1529?cntId=56899a33e9aa4b9db622b2ec188b820e) to self-review their operational processes, and to establish control mechanisms that ensure compliance with the relevant regulations.
The Ministry of Finance emphasizes that the automatic exchange of financial account information will be carried out with Australia, Japan, and the U.K. in September this year. According to international practices, the exchanged CRS information cannot be used directly to assess tax liability but will be of reference for assisting the tax authorities to evaluate risks of tax evasion and to select auditing cases. The Ministry of Finance further urges taxpayers with overseas financial assets and associated incomes to file and pay tax in compliance with the relevant tax laws and regulations.
Contact person: Mr. Chi-Luan Huang, Section Chief.
Contact Number: (02)2322-8183