Taiwan: CRS reporting deadline extended to 2 August 2021 (COVID-19)
CRS reporting deadline for the 2020 reporting period has been extended to 2 August 2021
CRS reporting deadline for the 2020 reporting period has been extended to 2 August 2021
The Ministry of Finance announced that the common reporting standard (CRS) reporting deadline for the 2020 reporting period has been extended to 2 August 2021 (from 30 June 2021). Read TaxNewsFlash
The extension was provided as relief in response to the coronavirus (COVID-19) pandemic.
Financial institutions are also encouraged to prepare filing materials as early as possible and are reminded of the differences in the CRS reporting for 2020 as compared to previous years, including:
- The addition of reportable accounts held by tax residents of the United Kingdom
- Information of all pre-existing individual and entity accounts must be reported
- A mandatory new XML version
Read a June 2021 report [PDF 273 KB] prepared by the KPMG member firm in Taiwan
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