Common Reporting Standards (CRS) - Tax Regulations

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Tax Regulations

Common Reporting Standards (CRS) Overview

To help fight against tax evasion and protect the integrity of the tax laws in various countries, a number of foreign governments have adopted a new tax initiative known as the Common Reporting Standard (the “CRS”). The CRS was developed by the OECD (http://www.oecd.org/tax/automatic-exchange/common-reporting-standard/) for adoption and implementation by these governments. Under the CRS, financial institutions, including Citi TTS, are required to determine the CRS reporting status if its account holders generally by collecting a completed a CRS Self-certification from holders of bank deposit accounts maintained in a CRS Participating Country.

CRS FAQs

CRS TTS Country Scope Map

Common Errors to Avoid In Completing CRS Self-Certifications

CRS Country Details and Contacts

Please see here for assistance with the submission

CRS Self-Certifications

For clients with accounts in Japan, Russia and India or clients who would prefer to submit a CRS-specific form rather than use the combined FATCA/CRS self-certification or CRS e-tool, please see here

Other Information:

  • Tax Regulation
  • Foreign Account Tax Compliance Act (FATCA)
  • FATCA/CRS Certification Form

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