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FLATCARS Declaration & Supplementary Information Declaration Form for Individuals/Legal Entity (Please consult a tax professional for further guidance regarding your tax residency for FATWA & CRS
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01
Read the instructions carefully before filling out the form.
02
Gather all the necessary information, such as personal details, financial account information, and tax identification number.
03
Complete each section of the form accurately and provide all the required information.
04
Ensure that you sign and date the declaration at the end of the form.
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Review the filled-out form to make sure all information is correct and there are no missing fields or errors.
06
Submit the completed FATCA-CRS declaration and supplementary form to the appropriate authority or financial institution.

Who needs fatca-crs declaration amp supplementary?

01
Individuals or entities who are classified as US persons for tax purposes need to fill out the FATCA-CRS declaration and supplementary form.
02
Financial institutions, including banks, investment firms, and insurance companies, may also require their customers to complete this form to comply with FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) regulations.
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The fatca-crs declaration amp supplementary is a form used to report financial accounts and assets held by individuals or entities in compliance with the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS).
Individuals or entities with financial accounts or assets held outside their country of residence are required to file the fatca-crs declaration amp supplementary.
The form should be filled out accurately and completely, providing all required information about financial accounts and assets held overseas.
The purpose is to provide transparency and information exchange between tax authorities to prevent tax evasion and ensure compliance with tax laws.
Information such as account balances, income earned, account holders' details, and account activity must be reported on the form.
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