Participating jurisdictions are those with an agreement in place to exchange relevant CRS account information. Such agreement will typically be in the form of the OECD’s Multilateral Competent Authorities Agreement (MCAA). The OECD’s participating jurisdictions list was updated on 25 August 2023 and can be found here.

By way of update, Montenegro, Thailand, Uganda, Ukraine, and Jordan were added to the participating jurisdictions list and have committed to their first exchange of information under CRS in 2023. The newly added participating jurisdictions for 2023 can be found here.

Reportable jurisdictions include those jurisdictions with an agreement in place to exchange relevant CRS financial account information with Cyprus. The Cyprus Tax Department has updated the list of jurisdictions that Cyprus has contracted to exchange such information adding Ghana and the Maldives as reportable jurisdictions for Cyprus in 2023. The new list can be accessed here.

The list of signatories of the MCAA that Cyprus has not contracted but intends to exchange financial account information was also updated including Montenegro, Thailand, and Uganda for 2023. A link to such update can be found here.