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FATWA & CRS ZELFCERTIFICERING POOR NATUURLIJKE PERSONENCARDIF LUX VIE I FATWA & CRS I 14/05/20192/14FATCA & CRS ZELFCERTIFICERIPOOROOR NATUURLIJPersonnelNgroundond van fiscalarelievinginWarnerdFATWATCA
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Online FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) are systems for financial institutions to report information on foreign account holders to the tax authorities in their respective countries.
Financial institutions such as banks, investment firms, and insurance companies are required to file online FATCA and CRS reports.
Financial institutions can fill out online FATCA and CRS reports through the designated reporting portals provided by the tax authorities.
The purpose of online FATCA and CRS is to prevent tax evasion and improve tax compliance by providing tax authorities with information on foreign account holders.
Financial institutions must report information such as the account holder's name, address, TIN (Tax Identification Number), account balance, and income generated from the account.
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