Japan: Updated FAQs under CRS regime

The updated FAQs relate to documentary evidence and reportable jurisdictions

The updated FAQs relate to documentary evidence and reportable jurisdictions

Japan’s tax agency published an updated version of “frequently asked questions” (FAQs) under the common reporting standard (CRS) regime.

The updated FAQs relate to:

  • Documentary evidence on which financial institutions confirm the matters provided in the voluntary notification form (Q.21)
  • Increase in the reportable jurisdictions number to 101, per the latest reportable jurisdictions list published on 28 December 2021 (Q.34).
  • Requirements when a special purpose company (Tokutei Mokuteki Kaisha) becomes a reporting financial institution (Q.51)

Read a September 2022 report [PDF 425 KB] prepared by the KPMG member firm in Japan


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