Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) - Latest Updates

17 February 2021

Implementing Guidelines on Automatic Exchange of Financial Account Information (AEOI)

The Commissioner for Revenue published a new version of the Guidelines for FATCA and CRS in February 2021. The changes to the Guidelines include:

  • The list of participating jurisdictions has been updated to include Maldives and Peru.
  • The list of non-EU reporting jurisdictions now also includes Costa Rica, Curacao and Peru for the reporting period of 2020.
  • Updates regarding the submission of reports in XML format to the CfR.

The deadline for submission of the nil reports and the submission of alternative reports (through excel format) is on 30 March 2021 and the deadline for the XML report submission is 30 April 2021.

PwC also offers an AEOI tool which validates the FATCA and CRS report, identifies any errors and converts the report into XML format. Please feel free to contact us should you have any questions or require assistance with compiling or submitting such reports.

Get in touch 

Contact us

David Ferry

David Ferry

Tax Partner, PwC Malta

Tel: +356 2564 6897

Keith Agius

Keith Agius

Tax, PwC Malta

Tel: +356 2564 4039

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