Bahrain: New FATCA / CRS directive
The Central Bank of Bahrain issued a new FATCA / CRS Directive OG/100/2024.
The Central Bank of Bahrain issued a new FATCA / CRS Directive OG/100/2024.
The Central Bank of Bahrain on 24 March 2024 issued a new FATCA / CRS Directive OG/100/2024 that provides:
- FATCA and common reporting standard (CRS) reporting for the year ended 31 December 2023 will commence on 25 March 2024 through the international tax information exchange system (ITIES) portal. The deadline for submitting final reports is 2 May 2024.
- The list of reportable jurisdictions for the purpose of CRS reporting for the year ended 31 December 2023 was expanded. An additional list of participating jurisdictions for the purpose of CRS due diligence procedures was also provided.
Read a March 2024 report prepared by the KPMG member firm in Bahrain
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