Common Reporting Standard (CRS)
Implementation of the Common Reporting Standard (CRS) will commence in Hong Kong on 1 Jan 2017. CRS is the internationally agreed standard endorsed by the Organisation of Economic Cooperation and Development (OECD), for the exchange of financial account information. Under CRS, we have to identify your tax residence. If you are a tax resident in a country with which Hong Kong has signed a competent authority agreement, we must disclose your account information to the Hong Kong Inland Revenue Department (IRD).
The Bank’s Data Policy Notice and Tax Requirements Notice have been revised as part of our Bank’s preparations for compliance with CRS. Click Here for the revised Tax Requirements Notice and Click Here for the revised Data Policy Notice.
Under CRS, we have to identify your tax residence. You may be required to fill in the Individual Tax Residency Self Certification Form for us to determine your tax residence.
DBS Bank (Hong Kong) Limited
30 June 2017