• Marco Zawar MBA/LLM (Tax)

Australian Taxation Office provided updates on CRS Small Reporter Tool (CRS SRT) for 2020 reporting

From January 1st, 2021 onwards, CRS Reporting Financial Institution are required to file their CRS returns (new reports, corrections of reports for previous years) using the V2.0 CRS XML Schema V2.0.

The Australian Taxation Office (ATO) on their Common Reporting Standard (CRS) website informed, that the CRS Small Reporter Tool (CRS SRT) version 1.2 will be available until December 31, 2020.

ATO after this date will not accept CRS returns using version 1.2.

ATO will provide updates on CRS SRT considering CRS XML Schema V2.0. requirements in early 2021.

©2019 by Marco Zawar