On September 20, 2017 the OECD released updated and new IT-tools and guidance to support the technical implementation of the exchange of tax information under the Common Reporting Standard (CRS), on Country-by-Country (CbC) Reporting and in relation to tax rulings (ETR).

In relation to CbC Reporting pursuant to BEPS Action 13, the updated CbC XML Schema and User Guide now allows MNE Groups to indicate cases of stateless entities and stateless income, as well as to specify the commercial name of the MNE Group. Furthermore, both with respect to the CbC and ETR XML Schemas and User Guides, certain clarifications have been made, in particular with respect to the correction mechanisms.

The OECD furthermore announced that a dedicated XML Schema and User Guide have been developed to provide structured feedback on received CbC and ETR information. According to the OECD, the CbC and ETR Status Message XML Schemas will allow tax administrations to provide structured feedback to the sender on frequent errors encountered, with a view to improving overall data quality and receiving corrected information, where necessary. In the same context, the User Guide for providing CRS-related Status Messages has also been slightly updated to clarify the technical aspects of the structured feedback process.

The different new and updated IT-tools and user guides may be accessed here:

·   Country-by-Country Reporting XML Schema and User Guide

·   Exchange on Tax Rulings XML Schema and User Guide

·   Country-by-Country Reporting Status Message XML Schema and User Guide

·   Exchange on Tax Rulings Status Message XML Schema and User Guide

·   Common Reporting Standard Status Message XML Schema and User Guide

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