The Maltese Inland Revenue Division has published an updated version of its CRS implementation guidelines for Financial Institutions. There is only one significant change of which filers should take note – regarding trustee-documented trusts:
During 2017, consolidated reporting by trustees will only be supported through the upload of CRS XML data files using an IRD Secure File Transfer Protocol (SFTP) server. Trustees should apply to use this service by e-mailing the Commissioner for Revenue: email@example.com. The guidance also provides the basic structure of a consolidated CRS XML data file for trustee-documented trusts.
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