Correction and deletion of AEOI reports must be transmitted in the same format as the original report
The tax authority of Liechtenstein on 5 March 2024 issued Newsletter 03/2024 informing reporting financial institutions that the correction and deletion of automatic exchange of information (AEOI) reports must be transmitted in the same format as the original report, effective 8 May 2024. According to the newsletter, this will help establish accurate processing in line with the updated electronic reporting portal.
Beginning on the effective date, OECD1 individual reports must be corrected or deleted using an OECD2/OECD3 individual report. Similarly, an OECD1 XML report can only be corrected or deleted using an OECD2/OECD3 XML report. The usage of different formats for correction or deletion of reports will result in rejection and an automated email confirming non-processing, along with an error notice, will be transmitted to the financial institution.
Read a March 2024 report [PDF 203 KB] prepared by the KPMG member firm in Liechtenstein