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  • Common Reporting Standard - Small Reporter Tool now available

    The Common Reporting Standard (CRS), which came into effect on 1 July 2017, is the single global standard for the collection, reporting and exchange of financial account information on foreign tax residents.

    If you have reporting obligations, you will need to collect and report financial account information on non-residents to us using the standard.

    To make the reporting process easier, we have developed a CRS Small Reporter Tool (SRT) for Reporting Financial Institutions (RFIs) with fewer than 50 Reportable Accounts. You can use the tool and lodge the report through the Tax Agent or Business Portals. You can also generate and lodge a nil report if your RFI has no Reportable Accounts.

    Lodgements are due 31 July 2018, and we encourage you to lodge online early through:

    • the ATO Business and Tax Agent Portals; or
    • your CRS enabled business/accounting software.

    Next steps:

    See more:

      Last modified: 14 May 2018QC 55428