Important Update: Implementation of Common Reporting Standard (CRS)
The Inland Revenue Division (IRD) is in the process of implementing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters Act (Act 7 of 2020).
In accordance with Section 11 of the Act, which governs the Automatic Exchange of Information (AEOI), the IRD will be hosting a series of mandatory training sessions for all Reportable Financial Institutions (FIs).
Upcoming Training Schedule
| Topic | Date | Time |
| Registration for Reportable FIs | Thursday, April 9, 2026 | 10:00 AM |
| Registration for Reportable FIs | Friday, April 10, 2026 | 2:00 PM |
| Portal Submission of Data | Wednesday, April 15, 2026 | 10:00 AM |
| Portal Submission of Data | Thursday, April 16, 2026 | 2:00 PM |
To ensure a smooth transition and compliance, sessions will cover both registration procedure and data submission procedures.
Next Steps for Financial Institutions
• Email Notification: All identified Reportable FIs will receive a formal invitation and link to the training sessions via email directly from the IRD.
• Preparation: Please ensure your relevant compliance and technical officers are available for these sessions to facilitate the upcoming reporting cycle.
• IRD Contact: For further information please contact TTCRS@ird.gov.tt