Revenue eBrief No. 161/21

24 August 2021

Common Reporting Standard (DAC2-CRS) – Passive NFEs with Controlling Persons in Multiple Jurisdictions

Tax and Duty Manual Part 38-03-26 – Filing Guidelines for DAC2: Common Reporting Standard (CRS) – has been updated with guidance for Financial Institutions who are reporting Controlling Persons of Passive NFEs, when the Controlling Persons are resident in different jurisdictions.

This guidance is in a new section 7.5 – Rescountrycode – Passive NFEs with Controlling Persons in Multiple Jurisdictions.