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EU: Amending protocols to CRS agreements with Andorra, Liechtenstein, Monaco, and San Marino; mandate to start negotiations with Norway

Amendments to CRS agreements expected to become effective January 1, 2026.

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October 13, 2025

The European Commission (EC) today issued a release announcing that the European Union (EU) has signed four amending protocols to international agreements providing for the automatic exchange of financial account information in conformity with the common reporting standard (CRS), with Andorra, Liechtenstein, Monaco, and San Marino.

The amendments—which are expected to become effective on January 1, 2026—enhance the existing 2015 and 2016 agreements by aligning with recent EU and international standards (i.e., expanding the scope of reporting to include specific electronic money products and central bank digital currencies, as well as imposing the EU rules on data protection).

The EC also today announced that it has received a mandate to start negotiations with Norway on administrative cooperation on direct taxation, including extending to Norway certain provisions of Council Directive 2011/16/EU (Directive on Administrative Cooperation (DAC)).

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