Revenue has updated the Tax and Duty Manual which provides guidance on issues relating to the domestic implementation of the CRS in Ireland. The updated guidance provides further detail on the requirements for the reasonableness test of self-certificates (question 16). In addition, the manual provides guidance regarding the date of deregistration from CRS for Irish regulated Funds (question 19).
Ireland is one of over 100 jurisdictions that has committed to the Common Reporting Standard (CRS), the agreed global standard for Automatic Exchange of Information (AEOI) of financial account information.