The Netherlands: Common Reporting Standard

CRS is a reporting standard for financial institutions and has been prepared by the OECD upon request of the G20 in order to avoid tax evasion.

The information to be gathered by financial institutions are the following:

• Identify clients and determine their tax residency
• Report information of foreign resident taxpayers to the local tax office.

This is only applicable in the situation that the Netherlands concluded a bilateral treaty with the country of the foreign resident taxpayer.