S.L. 123.127 Art. 45Extension of application to jurisdictions that are not EU Member States.

The provisions of regulation 13(2), (7)(b), (8)(b) and (9)(b) and regulations 36 to 44 shall apply mutatis mutandis in relation to jurisdictions that are not EU Member States, hereinafter in these regulations referred to as "Non-EU Reportable Jurisdictions":

Provided that for the purposes of this regulation:

(a) the term "Non-EU Reportable Jurisdiction" means a jurisdiction:

(i) with which an arrangement is in place pursuant to which there is an obligation in place to provide the information specified in Section 1 of Annex I to these regulations; and

(ii) which is identified in the list published by the Commissioner on the website of the Commissioner for Revenue under the provisions of article 96(2) of the Income Tax Act;

(b) references in regulation 13(2), (3)(b), (4) and (5)(b), and in regulations 36 to 44 and in Annexes I and II of these regulations to "Member State", "Member State Person" and "EU Administrative Cooperation Directive" shall be construed to mean "Non-EU Reportable Jurisdiction", "a person resident in a Non-EU Reportable Jurisdiction" and "Common Reporting Standard" respectively. For the purposes of this regulation, the term "Common Reporting Standard" means the Standard for Automatic Exchange of Financial Account Information in Tax Matters as developed by the Organisation for Economic Co-operation and Development.