The Nauru Department of Finance has released information on excluded accounts under the Common Reporting Standard.
The newly published regulations provide that dormant accounts will be excluded for the purposes of CRS reporting. The definition of a “dormant account,” in addition to the conditions for ceasing to be classified as dormant, is explained in detail within these regulations.
As of now, Nauru has not specified any non-reporting financial institutions under CRS.
The post Nauru Publishes List of Excluded Accounts for CRS Reporting appeared first on Sovos.
About the AuthorMore Content by Tom Hospod