• Marco Zawar MBA/LLM (Tax)

Bermuda CRS XML Schema 2.0 transition - availability of the tax reporting portal

The Bermuda Ministry of Finance released a Notice to inform the CRS Reporting Financial Institutions about the accessibility of the Tax Information Reporting Portal (“the Portal”).

The Portal is not available between October 1, 2020 and November 07, 2020.

As of November 08, 2020 the Portal is available to submit #CRS correction returns using the #OECD CRS #XML Schema version 1.0.

From January 01, 2021 until February 27, 2020 the Portal will not be available.

Starting February 28, 2021 Reporting Financial Institutions are required to submit any CRS return using the OECD CRS XML Schema Version 2.0

©2019 by Marco Zawar