The OECD’s disclosure facility for Common Reporting Standard (CRS) avoidance schemes, launched in May, has so far caused the Hong Kong authorities to issue new guidance about registration of ‘occupational retirement schemes’, to clarify that not all such schemes are out of scope of CRS reporting. The OECD is also assessing schemes disclosed through the new facility in several other jurisdictions, including a number of residence by investment programmes.
The OECD’s disclosure facility for Common Reporting Standard (CRS) avoidance schemes, launched in May, has so far caused the Hong Kong authorities to issue new guidance about registration of ‘occupational retirement schemes’, to clarify that not all such schemes are out of scope of CRS reporting. The OECD is also assessing schemes disclosed through the new facility in several other jurisdictions, including a number of residence by investment programmes.
