Submit reports about financial account data according to the Common Reporting Standard (CRS)

The self-information on tax residence is sent by a financial institution (e.g. banks or insurance companies).

• Notifiable financial institutions must verify their financial account data in accordance with established criteria for the tax residence of account holders or dominant persons in a reporting State.
• In particular, when an account is reopened, self-disclosure can be obtained.
• In the case of existing accounts, the reporting obligation can also be established on the basis of circumstantial evidence. This can be, for example, a current postal or home address, a telephone number, or a currently valid power of attorney in favour of a person with an address in a reporting state.
• The financial account data determined in accordance with the due diligence requirements must be transmitted annually in electronic form to the Federal Central Tax Office (BZSt).
• Before the first transmission, a registration of the data transmitter (financial institution or contracted service provider) in the department CRS of the BZSt is necessary.
• The messages are made via the BZSt-Online Portal (BOP) or the mass data interface (ELMA). This requires a certificate issued by the BZSt (BOP and ELMA) or a certificate issued by the Elster procedure (only possible for BOP). The exact route is described in manuals and videos on the BZSt website.
• For each transmission, the notifying financial institution or service provider receives technical feedback on the status and result of the processing. Insofar as data has been rejected, the errors must be corrected and the data must be retransmitted.
  

Reporting accounts include accounts of:

• natural persons or
• Legal entities (including trusts and foundations)
• which are established in that country under the tax law of another participating State

Accounts of passive entities are accounts that are subject to reporting even if a controlling natural person is established in that country under the tax law of another participating state.

No

No

The notification is made annually, until 31 July of a calendar year for the respective previous year.

The data transmitters receive technical feedback for their CRS message. As a rule, this takes a maximum of 2 days. For technical maintenance work outside the deadline, the processing can take 1-2 weeks.

• Section 2 Law on The Multilateral Agreement: Multilateral Competent Authority Agreement (MCAA) of 29 October 2014
• Section 5 (1) 5b of the Financial Administration Act
• Law on the implementation of mutual assistance in tax matters between the Member States of the European Union (EU Official Assistance Act - EEAHiG)
• Law on the automatic exchange of information on financial accounts in tax matters (Financial Account Information Exchange Act - FKAustG)

No

Form: yes
Online procedure possible: yes
Written form required: no
Personal appearance necessary: no