France: CRS guidance for financial institutions | KPMG Global
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France: CRS guidance for financial institutions concerning “recalcitrant” account holders

France: CRS guidance for financial institutions

A decree was issued in France relating to “recalcitrant” account holders under the common reporting standard (CRS) regime.


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The decree sets forth procedures for financial institutions to transmit the list of financial account holders, and natural persons controlling them, who have not submitted necessary information for the identification of their tax residences and tax identification numbers to the French tax authorities.

The decree specifies that initial information requests must be sent to the holders no later than 31 March 2019 for accounts opened between 1 January 2016 and 29 December 2017.


Read a July 2018 report [PDF 75 KB] prepared by tax professionals with Fidal*

* Fidal is a French law firm that is independent from KPMG and its member firms.

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