Common Reporting Standards (CRS)

Common Reporting Standards is an international agreement to exchange financial account information in tax matters to identify account holders who are tax residents of other participating jurisdictions.

Overview

The Common Reporting Standards (CRS) is an internationally agreed standard for automatic exchange of financial account information in tax matters, endorsed by the Organisation for Economic Co-operation and Development (OECD). The objectives of CRS are to deter and detect tax evasion by taxpayers through the use of offshore financial accounts.

Under the CRS, financial institutions of participating jurisdictions are required to identify their account holders who are tax residents of other reportable jurisdictions. Relevant account information of these account holders would be reported to the local tax authorities, who would in turn exchange the information with the tax authorities of the participating jurisdictions where the account holders are tax residents.

Proceed to Online Self-Certifcation
Note: Log in with your valid DBS ATM or Debit Card and PIN

Frequently Asked Questions

Why am I requested to submit a CRS self-certification about my tax residency status?
Under CRS, Singapore-based financial institutions are required conduct due diligence to identify the tax residence of their account holders. In this regard, we may contact our customers to request for information about tax residency status. If you are a tax resident in a country with which Singapore has signed an agreement to exchange financial account information, we have to disclose your account information to Inland Revenue Authority of Singapore (IRAS).
How do I determine my tax residency?
If you have questions on how to determine your jurisdiction of tax residence, you can:
  • Refer to the Rules Governing Tax Residence published by the different jurisdictions for information on the respective jurisdiction's tax residency rules;
  • Check with the tax authority of the jurisdiction which you think you may be a tax resident. (e.g. If you have stayed in Country A for more than 6 months, you can seek a confirmation from the tax authority of Country A on whether you are regarded as its tax resident for the tax year); or
  • Consult a tax advisor.

How do I submit a CRS self-certification?
If you have a valid DBS ATM or Debit card and PIN, you may submit your Self-Certification Online.

Alternatively, you can download the Self-Certification Form [ English / Mandarin ] and;
  • Mail to:
    DBS Bank Ltd – Account Services
    Simpang Bedok Post Office,
    PO Box 218, Singapore 914808

    OR
  • Visit any POSB/DBS Branch:
    Present the completed form and your NRIC/Passport for verification.

Is the site for online submission of CRS self-certification secure?
Please rest assured that DBS systems are safe and secure. All details keyed in will be kept private and confidential.

Alternatively, you can download the Self-Certification Form [ English / Mandarin ] and;
  • Mail to:
    DBS Bank Ltd – Account Services
    Simpang Bedok Post Office,
    PO Box 218, Singapore 914808

    OR
  • Visit any POSB/DBS Branch:
    Present the completed form and your NRIC/Passport for verification.

What do I need to submit online?
  • A valid ATM or Debit card and PIN.
  • NRIC / Passport number as per our bank records. If there has been a change, update the bank records before making a submission.
  • You may also be required to upload supporting documents.

Why is my submission of CRS self-certification important?
Singapore has committed to implement CRS and Singapore-based financial institutions are required to transmit to IRAS information of their account holders who are tax residents of countries with which Singapore has signed an agreement to exchange financial account information.
As such, we may have to disclose your account information to IRAS based on your information held in our records if we do not receive any response from you. In addition, you may not be able to open additional accounts or purchase investments with us.
I have submitted my self-certification. What now?
Thank you for your submission. You will be receiving a notification letter from us upon completion.
More information
Customers may refer to the OECD, IRAS or the CRS Fact Sheet issued by the Association of Banks in Singapore (ABS) for more information on Common Reporting Standards (CRS).

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