OECD releases updated CRS FAQs

In February 2019, the OECD published new Frequently Asked Questions (“FAQs”) to further support the consistent implementation of the Common Reporting Standard (“CRS”) (Link).

Notable changes in the FAQs relate to the timing of self-certification, the treatment of corporate trustees and SPV custodians, the reportable Jurisdictions for Pre-existing Entity Accounts and the income from the investment of the capital of insurance companies.

More information on the CRS is available on the Automatic Exchange Portal (Link).

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