Expert commentary on Tax Identification Numbers, CRS compliance, FATCA obligations, and global tax reporting — written for banks, fintechs and tax professionals.
Stay informed on the latest developments in global tax reporting. CRS is a global tax reporting mechanism to which over 100 countries have signed up, enabling the exchange of tax residency information between partner jurisdictions. The Tax ID Number is a unique identifier that allows tax authorities to match reported information to the correct individual.
The OECD is now conducting Peer-to-Peer reviews of all CRS signatory countries. Implementation strategies will be tested to verify whether correct information is being submitted along with full customer due diligence.
From Germany's 11-digit Steueridentifikationsnummer to India's 10-character PAN, every country has its own TIN format. We break down the structure, length and validation rules for all 54 countries we support.
FATCA targets US taxpayers worldwide, while CRS is the global multilateral standard. Understanding the differences — and overlaps — is essential for compliance teams managing international customer onboarding.
Catching TIN errors at onboarding rather than during annual CRS/FATCA reporting cycles can save thousands in corrections, penalties and regulatory correspondence. Here's how to do it right.
The list of CRS reportable jurisdictions grows each year. We track the latest additions, removals, and any changes to the Exchange of Information agreements between signatory countries.