Transcription of The Common Reporting Standard for Automatic Exchange …
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Tax information Authority CAYMAN ISLANDS The Common Reporting Standard for Automatic Exchange of financial Account information in Tax Matters CRS GUIDELINES Issued pursuant to Regulation 5A of the Tax information Authority (International Tax Compliance) ( Common Reporting Standard ) Regulations, 2018 Date of Issue: 6 November 2020 Version CRS Guidelines Version replaces the previous Version issued 15 March 2018 1. LEGISLATIVE FRAMEWORK .. 1 A. Overview .. 1 B. Exchange Agreements .. 1 i. Core Documents.
The CRS is the global standard for the automatic exchange of Financial Account information for tax purposes and was developed by the OECD on the mandate of the G20. The CRS builds on the intergovernmental approach adopted by many …
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