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India: Implementation of CRS 2.0

Effective January 1, 2026

April 17, 2026

The Central Board of Direct Taxes (CBDT) on March 5, 2026, issued Notification No. 19/2026, providing details on the incorporation of the OECD’s 2023 amendments to the common reporting standard (CRS 2.0) into India’s domestic legislative framework, effective from January 1, 2026.

Specifically, Rules 114F, 114G, and 114H of the Income‑tax Rules, 1962 have been amended to incorporate CRS 2.0.

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

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