DUBAI
Abu Dhabi Global Market (ADGM) has implemented the Common Reporting Standard (CRS) Regulations, a set of guidelines for financial disclosures and the exchange of information, the financial centre announced in a statement on Tuesday.
The implementation is in line with tax reporting requirements set out by the G20 and Organisation for Economic Cooperation and Development (OECD).
The CRS Regulations requires all ADGM-registered financial institutions to comply with CRS obligations, with the first annual reporting due date in the UAE on 30 June 2018.
