Insurance companies will have to submit to the Ministry of Finance (MoF) information about cash value life insurance contracts issued to persons whose tax residences are in countries that require such reports under the Common Reporting Standard (CRS), according to a circular issued by the Ministry of Economy's Insurance Control Commission (ICC).
The CRS, which will be implemented starting from 2018, is the global standard for the automatic exchange of financial account information. It aim...
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The CRS, which will be implemented starting from 2018, is the global standard for the automatic exchange of financial account information. It aim...
Article details
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