• Marco Zawar MBA/LLM (Tax)

The German Federal Central Tax Office (BZSt) provided an updated list of CRS reportable jurisdiction

Updated: Sep 22

On July 1, 2020 the #BZSt released the final list of #CRS Partner Jurisdiction for which financial institutions shall provide the financial account information for the reporting year 2019.

The final list of CRS reportable jurisdiction will be published in time on the BZSt Common Reporting Standard website.

For the reporting year 2019, Financial Institutions are required to provide financial account information about their account holder with a tax residency in at least one of the following jurisdictions:

Åland Islands, Andorra, Antigua and Barbuda, Argentina, Australia, Austria, Azerbaijan, Azores, Barbados, Belgium, Bonaire, Brazil, Bulgaria, Canada, Canary Islands, Chile, China, Cook Islands, Colombia, Croatia, Cyprus, Czechia, Denmark, Estonia, Faroe Islands, Finland, France, French Guiana, Gibraltar, Greece, Greenland, Guadeloupe, Guernsey, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Madeira, Malaysia, Malta, Martinique, Mauritius, Mayotte, Mexico, Monaco, New Zealand, Netherlands, Norway, Pakistan, Panama, Poland, Portugal, Réunion, Rumania, Russia, Saba, Saint-Barthelemy, Saint Martin, San Marino, Saudi Arabia, Seychelles, Singapore, Sint Eustatius, Slovakia, Slovenia, Spain, St Lucia (from 2019 onwards), South Africa, Sweden, Switzerland, South Korea, Turkey (form 2019 onwards), United Kingdom and Uruguay,

The reporting portal to file the CRS returns for reporting year 2019 is already available.

As mentioned in an earlier blog has the BZSt the reporting deadline extended to October 31, 2020. Incorrect or late filing of CRS returns is an offence and may be fined up to EUR 50'000.-- (§ 28 Abs.1 FKAustG)

Financial institutions are encouraged to assess their current operating model and integrate IT solutions like CRS/FATCA OneTM from Trans World Compliance Inc. supporting financial institutions #AML/KYC and to automate their #remediation and #reporting obligations under #FATCA and CRS and to mitigate their legal risks through in-adequate AML/KYC and fiscal reporting procedures.


About the Author

I am a Banker, MBA (finance and accounting) and LLM (international business and tax law) with 30+ years experiences as internal auditor, business consultant, project manager and in-house legal and tax counsel gained within leading Private Banking Institutes, Wealth Management Organisations and Central Securities Depository and Clearing houses located in Europe and the APAC Region.


I am focused on advisory services and project management in the field of

  • AEoI, FATCA, EU-DAC6, OECD-CRS;

  • U.S Qualified intermediary regime (QI);

  • Withholding Tax on Capital gains and Investment Income

  • Securities transaction tax (stamp tax); and

  • Austrian, German, Hong Kong, Swiss and U.S. International Tax Law

©2019 by Marco Zawar