Common Reporting Standard (CRS) definition

Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.
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Common Reporting Standard (CRS) means an information standard for the automatic exchange of tax and financial information on a global level, which the Organization for Economic Co-operation and Development (OECD) developed in 2014. Its purpose is to combat tax evasion.
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Common Reporting Standard (CRS) means the global reporting standard for the automatic exchange of information (AEOI) as enacted pursuant to the Tax Laws Amendment (Implementation of the Common Reporting Standard) Act 2016 (Cth).
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Examples of Common Reporting Standard (CRS) in a sentence

  • Based on the Common Reporting Standard (CRS), Dutch law requires financial institutions to determine the tax residence of their clients and to provide details of tax residents of CRS countries to the Dutch tax authorities.

  • In order for the Fund to comply with its OECD Common Reporting Standard (CRS) obligations, we require the following information from prospective investors: Tax Residency Self Certification Form.

  • The Cypriot Government has and will be committing to a number of inter-governmental agreements for the automatic exchange of financial account information developed by the OECD, known as Common Reporting Standard (CRS) to share tax information, where applicable, with the tax authorities in other jurisdictions.

  • Without limiting the foregoing, the Company, a regulated Firm, is required to comply and has taken all reasonable steps to be considered in compliance with the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS).

  • Our Foreign Account Tax Compliance act (FATCA) Policy (the “FATCA Policy”) and our Common Reporting Standard (CRS) Policy (the “CRS Policy”) form part of this Agreement and shall be binding on you.

  • Our Foreign Account Tax Compliance Act (FATCA) Policy (the “FATCA Policy”) and our Common Reporting Standard (CRS) Policy (the “CRS Policy”) form part of this Agreement and shall be binding on you.

  • The Subscriber’s Agent is also responsible for all identification and investor information collection obligations under any anti-money laundering and anti-terrorist financing legislation and compliance with the due diligence obligations for the purposes of U.S Foreign Account Tax Compliance Act (FATCA) or to meet the objectives of the Organization for Economic Co-operation and Development Common Reporting Standard (CRS).

  • However to meet out changing legal requirements, you agree that we may provide any information we hold relating to your United States Foreign Account Tax Compliance Act (FATCA) or Common Reporting Standard (CRS) status, or other FATCA or CRS matters, to IRD and to our Bank and/or the information is requested in order to meet FATCA or CRS obligations.

  • Following recent international developments, the exchange of information will be governed by the Common Reporting Standard ("CRS").

  • Our Foreign Account Tax Compliance Act (FATCA) Policy (the “FATCA Policy”) and our Common Reporting Standard (CRS) Policy (the ”CRS Policy”) form part of these Terms and Conditions and shall be binding on you.


More Definitions of Common Reporting Standard (CRS)

Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and
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Common Reporting Standard (CRS) means information obtained and exchanged under Multilateral Convention on Mutual Administrative Assistance in Tax Matters;
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Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on
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Related to Common Reporting Standard (CRS)

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • International Financial Reporting Standards means the International Financial Reporting Standards issued by the International Accounting Standards Committee, and as adopted by the Canadian Institute of Chartered Accountants, as amended from time to time;

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.