Finland adds three jurisdictions to its CRS participation list

Rwanda and Senegal appear under the list's heading for jurisdictions counting as participating from 1 January 2024, and Trinidad and Tobago under the heading for 1 January 2025. That is the operative content of the Tax Administration's updated CRS list for Finnish reporting financial institutions: the list states its role is determining whether an account holder is an investment entity in a non-participating jurisdiction that the institution must investigate, identify and report, and the dated group headings assign each listed jurisdiction its participation start alongside the list's 9 September 2026 update date.

Russia remains on the list, now qualified with a note that information exchange has been suspended since March 2022. The suspension note is part of the entry as published; the list itself records both the listing and the suspension together.

The update also changes the legal footing and the vocabulary of the list. The previous version rested on guidance applying the DAC2 implementation act and sections 17b to 17d of the act on assessment procedure (diaari A236/200/2017) and spoke of participating states. The concept is now the participating jurisdiction defined in Laki raportoivien finanssilaitosten tiedonantovelvollisuudesta verotuksen alalla (1042/2025)Vero, whose section 8 gives the definition quoted on the list pages. It covers any EU member state other than Finland; any other jurisdiction with which Finland has an agreement for the supply of the Chapter 3 information to Finland, identified in a list published by the Tax Administration and notified to the European Commission; and any other jurisdiction with which the European Union has such an agreement, identified in a list published by both the Tax Administration and the Commission.Vero

The timing of the new act matters for earlier reporting periods. Section 107 brings the act into force on 1 January 2026Finlex and applies it for the first time to the calendar year beginning on that dateFinlex. For calendar years before 2026, reporting information and meeting other obligations stays under the rules in force when the act took effect.Finlex

The legal basis is Laki raportoivien finanssilaitosten tiedonantovelvollisuudesta verotuksen alalla (1042/2025).Vero