Countries that are members of the Organisation for Economic Co-operation and Development (OECD) are committed to increasing tax transparency through automatic exchange of tax related information with the aim of countering tax evasion.
How will the CRS Affect You?
If you are an individual who is tax resident in a Participating Country and hold a financial account with a financial institution in a second Participating Country, the latter will provide information about your account to the country in which you are tax resident. Being tax resident in more than one Participating Country will likely lead to multi-jurisdictional reporting of the same account information.
To find out more, request a free copy of our helpful guide to the OECD CRS Automatic Exchange of Information by completing this request form.