The OECD has recently put out a new edition of the Standard for Automatic Exchange of Financial Account Information. This text is sometimes referred to as the “purple book.” The OECD explains that the update was made to give more clarity to the process of submitting corrected returns. In that vein, the OECD updated the information in the Common Reporting Standard User Guide, or the XML User Guide, contained in Annex 3. The Annex begins on page 230.
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Australia Updates FATCA and CRS Pages, Adds FATCA Reporting Explanation
The Australian Taxation Office has made some revisions to the ATO FATCA and CRS websites. Additionally, the...
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