The CRS seeks to establish the tax residency of customers. Under the CRS, financial institutions are required to identify customers who are tax resident outside of the country where they hold their accounts and products, and report certain financial account information to the local tax authority. The local tax authority may then share that information with the tax authority in the country where you are tax resident.
Articles in this section
- What is CRS?
- Are all insurers doing this?
- Which countries are participating in the CRS?
- Who is reportable?
- I pay taxes in the same country I live in. Why do I need to give you these details?
- What do I need to provide?
- How often will I need to provide this information?
- Where can I find further information and advice on Tax residency and Tax Identification Number (TIN)?