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Automatic Exchange of Information / Common Reporting Standard (CRS): 3 introductory training modules Reporting Financial InstitutionsreviewFinancial AccountsReport relevant information to identify
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How to fill out automatic exchange of information

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Obtain the necessary forms from the relevant tax authority.
02
Fill out the forms accurately, providing all required information.
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Provide any supporting documentation as requested.
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Ensure the information is completed within the specified deadline.
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Submit the forms and supporting documents to the tax authority.
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Who needs automatic exchange of information?

01
Banks and financial institutions
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Tax authorities
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Government agencies
04
International organizations
05
Individuals and entities engaged in cross-border financial activities
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Automatic exchange of information is the process by which countries share financial account information with each other, in order to combat tax evasion and improve tax compliance.
Financial institutions and tax authorities are required to file automatic exchange of information.
Automatic exchange of information can be filled out electronically through the Common Reporting Standard (CRS) system provided by the tax authorities.
The purpose of automatic exchange of information is to enable countries to have access to financial account information of their residents in other countries, in order to ensure compliance with tax laws.
Information such as account balances, interest, dividends, and other income earned by an individual or entity must be reported on automatic exchange of information.
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