NOTICE TO ALL REPORTING FINANCIAL INSTITUTIONS UNDER THE COMMON REPORTING STANDARD

This Notice is issued pursuant to the Standard for Automatic Exchange of Financial Account Information Act, 2018 (Act 967) and Ghana’s obligation to automatically exchange financial account information under the Multilateral Convention on Mutual Administrative Assistance in Tax Matters  

Per Section 4 (2) of Act 967, the Submission of 2019 Reports by the Reporting Financial Institutions on the Multi Data Exchange Solution (MDES) is to be concluded by June 30, 2020. 

Due to the adverse impact of the novel COVID-19, kindly be informed that, there will be a second reporting window from July 1, 2020 to September 30, 2020.  Considering this, the reporting schedule for 2020 shall be as follows:

1st Reporting window

  • Validation of prepared XML files – till June 5, 2020
  • Submission of validated XML files – from June 5 to June 30, 2020

2nd Reporting window

  • Validation of prepared XML files – from July 1 to August 31, 2020
  • Submission of validated XML files from September 1 to September 30, 2020

Kindly note that all Reporting Financial Institutions must register with the Ghana Revenue Authority and submit their reports via the MDES.  Financial Institutions that have already undergone the registration process shall use their existing credentials.

Kindly contact us on info.eoi@gra.gov.gh 

COMMISSIONER-GENERAL

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