AEOI is an international standard that involves exchanging financial account information on an automatic basis to enhance tax transparency and combat cross-border tax evasion. In July 2014, the Organization for Economic Cooperation and Development (“OECD”) released the Common Reporting Standard (“CRS”), asking governments globally to obtain certain financial account information from their financial institutions including insurance companies, and exchange that information automatically with overseas tax jurisdictions.
AEOI Regime and Implication (for Hong Kong)
CRS - Frequently Asked Questions
Watch video to see how Common Reporting Standard (CRS) affects you.