UK Names 119 Countries for Automatic Financial Data Exchange
The United Kingdom has released the names of 119 countries and territories that will participate in the automatic exchange of financial information under the Common Reporting Standard (CRS) in 2026. This initiative is relevant for financial institutions that report to His Majesty's Revenue and Customs (HMRC) under the CRS framework.
The UK government indicated that the jurisdictions listed have committed to automatic exchange and are expected to share financial data with the UK. Among the African countries included in the 2026 CRS list are Ghana, Kenya, South Africa, Rwanda, Senegal, Uganda, Mauritius, and Seychelles, all of which have activated agreements to share financial data.
The CRS is an international standard designed to facilitate the automatic exchange of financial account information between tax authorities globally, aimed at reducing tax evasion and enhancing tax compliance.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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