All glossary terms
Glossary term
Common Reporting Standard (CRS)
OECD framework for automatic exchange of financial account information among participating jurisdictions.
Related terms
1
Jurisdictions
global
Definition
The CRS requires participating financial institutions to identify accounts held by tax residents of CRS-participating jurisdictions and report account information annually to their local tax authority for automatic exchange with the account holder's home jurisdiction.
Examples
- A Swiss bank reports under CRS to provide information to other CRS jurisdictions about its account holders.
Related terms
Translations
ESEstándar Común de Información
ZH共同申报标准
DEGemeinsamer Meldestandard
FRNorme commune de déclaration
JA共通報告基準
Citations
Related citations
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This entry cites
Primary sources
- OECD: CRSVerified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.