Automatic Exchange of Information
Common Reporting Standard
We recommend you contact a professional and independent tax adviser to discuss your personal tax situation, help you understand the international regulations and ensure you comply with them. We can't help you decide your tax status or guide you with filling in forms, as NatWest International does not offer tax advice, we can however offer guidance on the terms in the forms.
What is CRS
The Common Reporting Standard on Automatic Exchange of Information (CRS) is a legal framework created by the Organisation for Economic Co-operation and Development with close cooperation with the G20 and EU.
It requires financial institutions to report information (to the appropriate tax administration), about financial assets held on behalf of taxpayers, from jurisdictions with which their tax administration exchanges information. This information is exchanged "automatically" every year.