BDO Tax Alert: MOF Extends CRS Reporting Deadline for FY2024
BDO Tax Alert: MOF Extends CRS Reporting Deadline for FY2024
CRS REPORTING DEADLINE EXTENDED
On 12 May 2025, the Kuwait Ministry of Finance (“MOF”) issued a notification to Central Bank of Kuwait extending the CRS reporting deadline for the calendar year 2024 to 17 August 2025. The original CRS reporting deadline was 31 May 2025. It is our understanding that the CRS portal is currently inaccessible.
There is no change to the FATCA reporting deadline (it remains as 30 August 2025).
REPORTABLE JURSDICTIONS FOR CRS
The MOF recently published in its website the list of reportable jurisdictions for the year 2024 for CRS purposes. The list currently reflects 84 reportable jurisdictions and can be viewed here.
Financial institutions in Kuwait should monitor the above mentioned list periodically in case it under goes changes. For BDO’s clients, our team will continue to support with the technical aspects of FATCA & CRS reporting process.
For any questions, please contact us at:
Rami Alhadhrami
Partner
rami.alhadhrami@bdo.com.kw
Jino George
Associate Director
jino.george@bdo.com.kw
Harpreet Jolly
Manager
harpreet.Jolly@bdo.com.kw
On 12 May 2025, the Kuwait Ministry of Finance (“MOF”) issued a notification to Central Bank of Kuwait extending the CRS reporting deadline for the calendar year 2024 to 17 August 2025. The original CRS reporting deadline was 31 May 2025. It is our understanding that the CRS portal is currently inaccessible.
There is no change to the FATCA reporting deadline (it remains as 30 August 2025).
REPORTABLE JURSDICTIONS FOR CRS
The MOF recently published in its website the list of reportable jurisdictions for the year 2024 for CRS purposes. The list currently reflects 84 reportable jurisdictions and can be viewed here.
Financial institutions in Kuwait should monitor the above mentioned list periodically in case it under goes changes. For BDO’s clients, our team will continue to support with the technical aspects of FATCA & CRS reporting process.
For any questions, please contact us at:
Rami Alhadhrami
Partner
rami.alhadhrami@bdo.com.kw
Jino George
Associate Director
jino.george@bdo.com.kw
Harpreet Jolly
Manager
harpreet.Jolly@bdo.com.kw