Finland adds three jurisdictions to its CRS participation list

Finland’s Tax Administration lists Rwanda and Senegal as participating CRS jurisdictions from 1 January 2024, and Trinidad and Tobago from 1 January 2025VeroVero. These additions appear in both the Finnish and Swedish versions of its list dated 9 September 2026Vero. The three jurisdictions therefore have two different participation dates, both earlier than the September update.

For Finnish reporting financial institutions, the list matters when determining whether an account holder is an investment entity in a non-participating jurisdiction that the institution must investigate, identify and report. Compliance teams reviewing those classifications should use the date assigned to each jurisdiction, rather than treating all three additions as effective in September 2026.Vero

Russia remains on the listVero, now accompanied by a note that information exchange has been suspended since March 2022Vero. The entry records an existing suspension; it does not announce one starting in September 2026.Vero Its continued appearance in the list should therefore be read together with that explicit qualification about exchanges.

The Tax Administration also sets out the participating-jurisdiction definition by reference to the reporting-financial-institutions law. As reproduced in its guidance, the definition covers every EU member state other than FinlandVero. It also covers another jurisdiction where Finland has an agreement under which that jurisdiction supplies Finland with the information specified in Chapter 3, provided the jurisdiction is identified in a list published by the Tax Administration and notified to the European Commission.Vero A separate route covers a jurisdiction with an EU agreement for supplying that information to Finland, provided it is identified in a list published by both the Tax Administration and the Commission.Vero

The distinction between the list’s historical participation dates and the legislation’s application date matters for earlier reporting periods. The law entered into force on 1 January 2026Finlex and first applies to the calendar year beginning on that dateFinlex. For reporting information and complying with other obligations relating to calendar years before 2026, its transitional provision preserves the rules in force when the law took effect.Finlex

The legal basis is Laki raportoivien finanssilaitosten tiedonantovelvollisuudesta verotuksen alalla (1042/2025), particularly section 8 on participating jurisdictions and section 107 on commencement and transitional treatment.