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France: Updated CRS guidance on “Control 29 rule”

Details on the newly implemented “Control 29 rule” relating to ResCountryCode

April 17, 2026

The French tax authorities on March 27, 2026, released an updated version (v3.7) of the common reporting standard (CRS) technical guidance, providing additional details on the newly implemented “Control 29 rule” relating to ResCountryCode.

Additionally, the guidance clarifies that when there are two or more controlling persons with the same ResCountryCode and the reporting financial institution intends to correct the information for only one controlling person, the reporting financial institution must submit an OECD2 report.

Read an April 2026 report prepared by the KPMG member firm in France

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