To help fight against tax evasion and protect the integrity of the tax laws in various countries, a number of foreign governments have adopted a new tax initiative known as the Common Reporting Standard (the “CRS”). The CRS was developed by the OECD (http://www.oecd.org/tax/automatic-exchange/common-reporting-standard/) for adoption and implementation by these governments. Under the CRS, financial institutions, including Citi TTS, are required to determine the CRS reporting status if its account holders generally by collecting a completed a CRS Self-certification from holders of bank deposit accounts maintained in a CRS Participating Country.
Citi has made a combined FATCA/CRS Self-Certification form available to make the documentation process easier for clients. This form can be used in all countries except Japan, Russia and India.
For translated versions of the form, please see here
For accounts in Japan, Russia and India, please see here
Please see here for assistance with the submission
To help our clients complete the appropriate CRS Self-Certification, Citi has provided access to an online tool which is available by accessing https://ew802.fatcacompliance.com/ECRSLiteTTS/ and entering registration code crs2484
For clients with accounts in Japan, Russia and India or clients who would prefer to submit a CRS-specific form rather than use the combined FATCA/CRS self-certification or CRS e-tool, please see here
|Translated Combined FATCA/CRS Self-Certification Forms:|