
Common Reporting Standard
The Common Reporting Standard (CRS) is an international framework for the automatic exchange of tax information.
What is the CRS?
- The Common Reporting Standard (CRS) is an international framework, developed by the OECD, for the automatic exchange of tax information between countries around the world.
- All financial institutions will report clients' account details to the local tax authority, which will then exchange the information with the relevant jurisdictions.
- More than 90 countries have signed up to CRS, including Norway, Sweden, Denmark, the UK and the Netherlands.