To help fight against tax evasion and protect the integrity of the tax laws in various countries, a number of foreign governments have adopted a new tax initiative known as the Common Reporting Standard (the “CRS”). The CRS was developed by the OECD (http://www.oecd.org/tax/automatic-exchange/common-reporting-standard/) for adoption and implementation by these governments. Under the CRS, financial institutions, including Citi TTS, are required to determine the CRS reporting status if its account holders generally by collecting a completed a CRS Self-certification from holders of bank deposit accounts maintained in a CRS Participating Country.
Please see here for assistance with the submission
To help our clients complete the appropriate CRS Self-Certification, Citi has provided access to an online tool which is available by accessing https://ew802.taxsolutions.spglobal.com/ECRSLiteTTS and entering registration code crs2484
For clients with accounts in Japan, Russia and India or clients who would prefer to submit a CRS-specific form rather than use the combined FATCA/CRS self-certification or CRS e-tool, please see here
