Malta Publishes Revised Guidelines for CRS Implementation

Tom Hospod
April 24, 2017

This blog was last updated on June 27, 2021

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: irddata.mfin@gov.mt. The guidance also provides the basic structure of a consolidated CRS XML data file for trustee-documented trusts.

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Author

Tom Hospod

Tom Hospod is a Regulatory Counsel at Sovos Compliance. Within Sovos’ Regulatory Analysis function, Tom focuses om Affordable Care Act (ACA) reporting, Tax Withholding, and Automatic Exchange of Information (AEOI). Prior to Sovos, Tom worked as a legislative aide in the Massachusetts House of Representatives. Tom is a member of the Massachusetts Bar, earned his B.A. from Boston College and his J.D. from the University of Miami.
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