Participating and Reportable Jurisdictions of the purposes of the Common Reporting Standard(“CRS”)
Bulletin 2016/2
The Bulletin is issued under the provisions of regulation 12 of The Income Tax (ApprovedInternational Agreements) (Implementation) (Common Reporting Standard) Regulations, 2015 (“TheRegulations”).
The Bulletin contains two lists which Reporting Financial Institutions (RFIs) will need to refer to, toassist with ensuring their compliance with the Regulations in relation to information for the calendar
year 2016.
The first is the ‘Participating Jurisdiction’ list. As permitted by the Implementation Handbook(page 20 paragraph 31), Guernsey will treat all jurisdictions that have publically and at government
level committed to adopt the CRS by 2018 as “Committed Jurisdictions” i.e. the “Early Adopters”,
committed to make their first exchange under the CRS in 2017, in respect of the year 1 January 2016
– 31 December 2016 and the “fast followers”, making their first exchange under the CRS in 2018, in
respect of the year 1 January 2017 – 31 December 2017.
The list of Participating Jurisdictions is particularly relevant for the classification of Investment
Entities as Investment Entities may need to apply the “look through’ treatment (see CRS commentary
page 195, paragraphs 121 et seq. for more information).
The Second List is the “Reportable Jurisdictions for 2016” List.
a. If a tax resident of a Reportable Jurisdiction, a person will be a Reportable Person for thatperiod.
b. RFIs will be required to report the information specified in Section I of Schedule 2 (GeneralReporting Requirements) of the Regulations where a Reportable Account is held by aReportable Person.
For Calendar Year 2016, this information must be provided to the Director by 30 June 2017using the approved Schema, and submitted through the Information Gateway Online Reporter(IGOR).
c. The information will be exchanged by the Director with the Relevant Competent Authority by
30 September 2017 only where the Competent Authority of that jurisdiction meets all therequirements of section 3(2) of the Regulations. A list of the jurisdictions that satisfy these
conditions will be published in due course.
d. The so-called “wider approach” of Regulation 4(4) requires that the CRS due diligenceprocedures are carried out on ALL accounts maintained (i.e. not just those of CRS
Participating or Reporting Jurisdictions, but domestic (Guernsey) accounts and those where
Account Holders are from Non-Participating Jurisdictions). However, obtaining the TIN(where relevant) of an Account Holder is only mandatory where the Account Holder isresident in a Reportable Jurisdiction. Nevertheless, practically it is expected that RFIs will

seek to reduce repetition of their due diligence processes and avoid having to contact AccountHolders multiple times by obtaining the TINs for all Account Holders with the selfcertifications at account opening.
This list will be updated at the beginning of each Calendar Year.

1. Participating Jurisdictions List
The following jurisdictions have an Agreement in place to collect and exchange information with
Guernsey under the CRS or with which Guernsey anticipates having such an Agreement in place forfirst exchange of information in 2018 (relating to the calendar year 2017), and are considered“Committed Jurisdictions”. They are therefore classed as “Participating Jurisdictions” for thepurposes of the Regulations.

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3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28

Jurisdiction
Albania
AndorraAnguilla*
Antigua and Barbuda
Argentina
Aruba
Australia
Austria
The BahamasBarbados
Belgium
BelizeBermuda*BrazilBritishVirginIslands**
Brunei Darussalam
Bulgaria
CanadaCayman Islands**
Chile
China
Colombia
Cook Islands
Costa Rica
CroatiaCuraçao
CyprusCzech RepublicMethodConvention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention

Agreement
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
-TIEA
Convention
Convention
TIEA
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention

CAA
MCAA
MCAA
CAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA

293031323334353637383940414243444546474849505152535455
5657585960
61626364
6566
67
68
69707172

Denmark
Dominica
Estonia
Faroe Islands
FinlandFranceGermany
Ghana
Gibraltar*
GreeceGreenland
GrenadaHong Kong ( China)
Hungary
Iceland
India
Indonesia
IrelandIsle of Man*
IsraelItaly
Japan
Jersey*Korea
KuwaitLatviaLiechtenstein
Lithuania
Luxembourg
Macao (China)
Malaysia
Malta
Marshall Islands
Mauritius
MexicoMonacoMontserrat*
Netherlands
New Zealand
Niue
NorwayPolandPortugal
Qatar

Convention
Convention
Convention
Convention
Convention
Convention
Convention
ConventionConvention
Convention
Convention
Convention
Convention
Convention
DTA
Convention
Convention
Convention
DTA
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
-MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
CAA
MCAA
MCAA
CAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
-

73
7475767778
7980
818283848586878889909192939495

Romania
RussiaSaint Kitts and Nevis
Saint Lucia
Saint Vincent and the
Grenadines
Samoa
San Marino
Saudi Arabia
Seychelles
Singapore
Sint Maarten
Slovak Republic
Slovenia
South Africa
Spain
SwedenConvention
Convention
-MCAA
MCAA

Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention

Switzerland
Trinidad and Tobago
TurkeyTurks
andCaicos
Islands*
United Arab Emirates
United Kingdom*
Uruguay

Convention
Convention

MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA +Joint
Declaration-DTA--*/**- Guernsey participates in the Multilateral Convention on Mutual Administrative
Assistance in Tax Matters, and therefore the Multilateral Competent Authority
Agreement, by virtue of Guernsey’s government having requested the United Kingdom
to extend to Guernsey its participation in the Convention.
It is considered, therefore, that Guernsey’s participation in the Multilateral Convention
does not extend to permitting exchange of information as between Guernsey and theUnited Kingdom or the British Crown Dependencies (the Isle of Man and Jersey) or theOverseas Territories (Anguilla, Bermuda, British Virgin Islands, Cayman Islands,Gibraltar, Montserrat, Turks and Caicos Islands). Exchange of information between
Guernsey and these jurisdictions (marked with asterisk ‘*/**’) will be effected by way ofother bilateral international agreements/competent authority agreements such as TIEAs
and DTAs.
**-Non-reciprocal

2. Reportable Jurisdictions for 2016 List
(first reporting by 30 June 2017)

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5
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7
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9
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13
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15
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19
20
21
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23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38

Jurisdiction
Anguilla*
Argentina
Barbados
Belgium
Bermuda*British Virgin Islands**
Bulgaria
Cayman Islands**
Colombia
Croatia
Curacao
CyprusCzech Republic
Denmark
DominicaEstonia
Faroe Islands
FinlandFranceGermany
Gibraltar*
GreeceGreenland
Hungary
Iceland
India
IrelandIsle of Man*
Italy
Jersey*Korea
LatviaLiechtenstein
Lithuania
Luxembourg
Malta
Mauritius
MexicoMethodConvention
Convention
Convention
TIEA
Convention
TIEA
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
DTA (reciprocal)
Convention
DTA
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention

Agreement
MCAA
MCAA
MCAA
CAA
MCAA
CAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAAMCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
CAA
MCAA
CAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA

Montserrat*
Netherlands
Niue
NorwayPolandPortugal
Romania
San Marino
Seychelles
Slovak Republic
Slovenia
South Africa
Spain
SwedenTrinidad and Tobago
Turks
andCaicos
54 Islands*
55 United Kingdom*394041424344454647484950
515253

Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
Convention
-

MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA
MCAA-DTA-*/**- Guernsey participates in the Multilateral Convention on Mutual Administrative
Assistance in Tax Matters, and therefore the Multilateral Competent Authority
Agreement, by virtue of Guernsey’s government having requested the United Kingdom
to extend to Guernsey its participation in the Convention.
It is considered, therefore, that Guernsey’s participation in the Multilateral Convention
does not extend to permitting exchange of information as between Guernsey and theUnited Kingdom or the British Crown Dependencies (the Isle of Man and Jersey) or theOverseas Territories (Anguilla, Bermuda, British Virgin Islands, Cayman Islands,
Gibraltar, Montserrat, Turks and Caicos Islands). Exchange of information between
Guernsey and these jurisdictions (marked with asterisk ‘*/**’) will be effected by way ofother bilateral international agreements/competent authority agreements such as TIEAsand DTAs.
**-Non-reciprocal