Common Reporting Standard (CRS) implementation

URI: https://gptkb.org/entity/Common_Reporting_Standard_(CRS)_implementation
GPTKB entity
Statements (24)
Predicate Object
gptkbp:instanceOf gptkb:international_tax_compliance_framework
gptkbp:appliesTo financial institutions
gptkbp:basisFor multilateral competent authority agreement
gptkbp:covers individuals
entities
controlling persons
gptkbp:dataExchanged gptkb:interest
dividends
account balances
sales proceeds from financial assets
gptkbp:developedBy gptkb:Organisation_for_Economic_Co-operation_and_Development
gptkbp:enables cross-border tax compliance
gptkbp:introducedIn 2014
gptkbp:monitors gptkb:OECD_Global_Forum_on_Transparency_and_Exchange_of_Information_for_Tax_Purposes
gptkbp:objective combat tax evasion
gptkbp:purpose automatic exchange of financial account information
gptkbp:relatedTo gptkb:FATCA
gptkbp:requires due diligence procedures
reporting of account holder information
identification of tax residency
gptkbp:usedBy over 100 jurisdictions
gptkbp:bfsParent gptkb:Australian_Taxation_Office
gptkbp:bfsLayer 7
https://www.w3.org/2000/01/rdf-schema#label Common Reporting Standard (CRS) implementation