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HONG KONG TAX ALERT ISSUE 12 June 2017CRS: Bill passed for the Expansion of the List of Reportable Jurisdictions Legislative Council passed the bill on 7 June 2017 for the expansion of the list of
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The CRS bill is passed for automatic exchange of financial information between tax authorities.
Financial institutions are required to file CRS bill passed for.
CRS bill is filled out electronically through the reporting portal provided by the tax authorities.
The purpose of CRS bill is to combat tax evasion through the exchange of financial information.
Information such as account balance, interest, dividends, and other financial income must be reported on CRS bill.
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