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NAME: DATE: PERIOD: PSD 304 Skill sheet #2 CRS SKILLPerform computations on data from tables and graphsLEVEL Level 1 Review Skill PSD 202 Level 2 Focus Isolation PSD 304 Level 3 Focus Context PSD

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What is crs skill?

The Common Reporting Standard (CRS) skill is a standardized system for the automatic exchange of tax information between countries.

Who is required to file crs skill?

Financial institutions are required to file the CRS skill in order to comply with international tax regulations.

How to fill out crs skill?

To fill out the CRS skill, financial institutions need to gather information on their account holders' tax residency and report it to the appropriate tax authorities.

What is the purpose of crs skill?

The purpose of the CRS skill is to combat tax evasion by enabling countries to automatically exchange information on financial accounts held by non-residents.

What information must be reported on crs skill?

Financial institutions must report information such as account holders' name, address, tax identification number, and account balance.

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