Australia: Recommendations on CRS reporting obligations
A checklist for reporting financial institutions to complete prior to submitting CRS reports.
The Australian Taxation Office (ATO) on April 29, 2026, issued an email circular advising reporting financial institutions to review the AEOI self-review guide and toolkit to provide compliance with their CRS reporting obligations.
The ATO also outlined a checklist for reporting financial institutions to complete prior to submitting CRS reports, in order to minimize potential follow-up queries. The key points are as follows:
- CRS responsible person details
- Reporting of identifier
- New validation rule for country code “AU”
- NIL reporting
Read a May 2026 report prepared by the KPMG member firm in Australia