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.