CRS (Common Reporting Standard) Filing Services
No matter where you are in the world, Summit will keep your business OECD compliant.
In need of CRS filing for your business?
Summit will help you prepare and complete your CRS filing obligations on time and in compliance with OECD standards.
Like FATCA, the purpose of CRS is to combat tax evasion by reporting financial information on offshore accounts. Since 2018, Hong Kong financial institutions are required to report financial data for reportable jurisdictions through the AEOI (“Automatic Exchange of Information”) Portal. The deadline for this CRS reporting is typically at the end of May each year but may vary for each financial institution. Whether your business is located in Hong Kong or any participating jurisdiction, Summit’s team of tax experts will help you through CRS filing every step of the way.
Summit offers the following CRS-related services for your firm:
- Registration with OECD and filing process preparation
- Account analysis, reporting requirements, client grouping evaluation, compliance assessment, operational setup, and essential personnel training
- Electronic filing into CRS system and follow-ups, including correspondence, amendments, account set-up modifications, etc.
- On-site, telephone and email support from our Hong Kong- and New York-based teams
