Global Daily Tax News, Anguilla, Kuwait Sign Up To The CRS-MCAA Addendum, (Jul 9, 2026)

Anguilla and Kuwait have recently signed up to the addendum to the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information.

The CRS MCAA facilitates the international exchange of financial account information, provided by financial institutions under the Common Reporting Standard – the international standard for the automatic exchange of information – to a taxpayer's home state tax agency.

In signing up to the addendum, the territories have committed to expand the scope of information they will exchange under the Common Reporting Standard MCAA, following the expansion of the Common Reporting Standard in 2023.

In particular, the CRS was amended to bring certain electronic money products and Central Bank Digital Currencies in scope. Changes were also been made to ensure that indirect investments in crypto-assets through derivatives and investment vehicles were covered by the CRS.

Amendments were also made to strengthen the due diligence and reporting requirements, including the reporting of the role of each controlling person.

According to a July 3, 2026, update from the OECD, Kuwait signed up to the addendum on June 22, 2026, and Anguilla signed on June 17, 2026.