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FATCA/DAC2-CRS

  1. Overview
  2. The Foreign Account Tax Compliance Act (FATCA)
  3. The Common Reporting Standard (CRS) and DAC2
  4. Types of Financial Institution obliged to report to Revenue under FATCA and DAC2-CRS
  5. Information reported to Revenue under FATCA and DAC2-CRS
  6. What FATCA and the CRS mean for an account holder
  7. When and how the information is exchanged

When and how the information is exchanged

Irish financial institutions must report the details of the relevant accounts to Revenue by 30 June each year. Revenue exchanges this information with the participating jurisdiction of tax residence of the account holder by 30 September each year.

How you file a DAC2-CRS return

Financial institutions should use Revenue Online Service (ROS) to register for the DAC2-CRS reporting obligation. If you do not have access to ROS, you need to register as a reporting entity. This can be done by completing a Reporting Entity Registration Form. If you are an agent representing a reporting entity, you can register your client through ROS. Once registered as a reporting entity you will be able to access ROS and register for the CRS reporting obligation. You can then send DAC2-CRS returns to Revenue through ROS.

See the Tax and Duty Manual Part 38-03-26 for more information on how to:

  • register as a reporting entity
  • register for a reporting obligation
  • correctly format your return
  • and
  • file a return.

Published: 19 July 2023 Print this page

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