From 30 June 2018 your trust may be required to be registered with the Inland Revenue Department (IRD) in order to comply with the new Common Reporting Standards (CRS). Under the CRS, trusts with 'foreign' or 'investment' elements are required to be registered with the IRD. As we are trustees of some of our clients' trusts, we need to make sure that these new obligations are met. If you think your trust may be covered by the CRS please contact us, or your accountant, as soon as possible.