OECD: CRS implementation handbook

OECD: CRS implementation handbook

The Organisation for Economic Co-operation and Development (OECD) released three reports to help jurisdictions and financial institutions implement a global standard for automatic exchange of financial account information.


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The OECD release explains that the Common Reporting Standard (CRS) implementation handbook provides practical guidance to assist government officials and financial institutions and includes:

  • Steps for CRS implementation to help financial institutions and governments by promoting the consistent use of optional provisions,
  • Areas for alignment with FATCA 
  • Measures addressing the operational and transitional challenges resulting from the staggered implementation of the CRS
  • A list of frequently asked questions (FAQs) received from business and governments, with a view to furthering the effective implementation of the CRS

The other reports concern offshore voluntary disclosure programs and a model protocol for a tax information exchange agreement (TIEA).

Read an August 2015 report [PDF 254 KB] provided by KPMG International: OECD: Three documents aim at ending offshore tax evasion

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