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CRS SelfCertification Entity IntroductionThe automatic exchange of nancial account information (AEOI) regime is based on the Common Reporting Standard (CRS), an internationally agreed standard developed
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The CRS Form - EntityCDR is a declaration used to report information about entities for the Common Reporting Standard, which is a global standard for the automatic exchange of financial account information.
Entities that are considered financial institutions or passive non-financial entities with reportable accounts under the Common Reporting Standard are required to file the CRS Form - EntityCDR.
To fill out the CRS Form - EntityCDR, entities must provide details such as their name, address, tax identification number, and financial account information, ensuring accuracy in relation to the requirements set forth by the jurisdiction in which they are located.
The purpose of the CRS Form - EntityCDR is to collect information on financial accounts held by foreign entities to ensure compliance with tax regulations and to facilitate the automatic exchange of tax information between jurisdictions.
The information that must be reported includes the entity's name, address, tax identification number, account number, and details of any reportable financial accounts held by the entity.
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