Executive summaryOn 25 February 2020, the Organisation for Economic Co-operation and Development (OECD) released an XML Schema and User Guide to support the technical implementation of the OECD’s Treaty Relief and Compliance Enhancement (TRACE) initiative (the TRACE XML Schema and User Guide).The TRACE XML Schema and User Guide provide guidance on the standardized electronic format to be used for reporting TRACE-related information by financial institutions to tax administrations and for the exchange of information between tax administrations. It is intended to complement the TRACE Implementation Package, which sets out the procedures, forms and agreements to be put in place to...