Time to comply: PRC implements CRS rules

Author: | Published: 24 Aug 2017

Chinese financial institutions have started carrying out due diligence on customers’ tax residency as devised by the CRS. But some questions still remain

On May 9 2017, six Chinese administrative and regulatory agencies jointly promulgated the Administrative Measures for Due Diligence on Non-Resident Financial Account Tax-Related Information (the Measures). These became effective on July 1, a significant step forward made by China in implementing the OECD's common reporting standards (CRS) for the automatic exchange of information (AEOI)....


 

 

close Register today to read IFLR's global coverage

Get unlimited access to IFLR.com for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice

register

*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb

register