UK tax, Wills & Estate Admin, Cyprus Business, Living and Working Abroad, EU Brexit for Expats, Expat Experts, Tax Saving, Inheritance Tax ProACT Sam Orgill UK tax, Wills & Estate Admin, Cyprus Business, Living and Working Abroad, EU Brexit for Expats, Expat Experts, Tax Saving, Inheritance Tax ProACT Sam Orgill

Common Reporting Standards - How it Works for Expats Living and Working Abroad

How it Works for Expats Living and Working Abroad

ProACT Sam highlights the changes in exchange of informatio and what Expats should consider about the way they report tax income and capital.

Exchange of financial information has been around since 2005 when any savings or investment income was required to be reported by the bank/investment fund to their local tax authorities. 

From the start of 2016 a new level of exchange of information was introduced. Called the Common Reporting Standard (CRS) by 2018 102 countries (including every one of 28 EU countries) have committed to CRS exchange of information.

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