Common Reporting Standard (CRS)

The CRS consists of global tax reporting requirements that have been introduced in Malaysia effectively from 1 July 2017 with an aim to reduce tax evasion by tax residents of each participating parties. The participating jurisdictions are to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. Malaysia is a party to the Multilateral Competent Authority Agreement to implement CRS and is required to exchange information with the participating countries.

 

Kindly be notified that if you are a resident of the other participating countries and/or caught under the CRS requirements, we are obligated to provide your investment details to the Inland Revenue Board of Malaysia for their reporting to the relevant tax authorities of the other participating countries.