The Croatian Tax Administration has published a final draft of its CRS Schema Guide and Technical Specifications. The specifications for several of the data elements and attributes in the XML have been modified since the prior publication. Additionally, the schema guide now contains a table of validation rules that the XML files must meet in order to transmit successfully. When transmitting a file, the CRS portal performs two validation levels – the first of which checks files themselves, and the second of which checks each of the records in the file against the business rules provided herein.
Croatia has also published a specialized list of ISO Country Codes that should be used when reporting account holders who are residents of certain territories and dependencies of other nations.
The post Croatia Publishes New CRS Technical Instructions and Reporting Information appeared first on Sovos.
About the Author
Tom Hospod is a member of the Tax Research Team for the Direct Tax division at Sovos Compliance, where his main areas of focus are Tax Withholding and Automatic Exchange of Information (AEOI). Prior to Sovos, Tom worked as a legislative aide in the Massachusetts House of Representatives. He also has experience in securities law—focusing on broker-dealer disputes and representing clients in FINRA arbitration. Tom is a member of the Massachusetts Bar, earned his B.A. from Boston College and his J.D. from the University of Miami.More Content by Tom Hospod