15 Jan Cook Islands Publishes CRS Guidance Notes
2018 January: The Cook Islands competent tax authority published guidance notes to assist Cook Islands financial institutions in their reporting obligations under the Common Reporting Standard (CRS).
As part of its commitment to the automatic exchange of information for tax purposes (AEOI), the Cook Islands has previously enacted the Income Tax (Automatic Exchange of Financial Account Information and Other Matters) Amendment Act 2016, the Income Tax Amendment Act 2017, and promulgated the Income Tax (Automatic Exchange of financial Account Information) Regulations 2017. The guidance notes works with the Cook Islands legislation and regulations to provide guidance to financial institutions who will be filing returns this 2018 year in relation to CRS.
A link to the Guidance Notes and relevant legislation can be found here.