The Common Reporting Standard (CRS)
The Common Reporting Standard (CRS) is a global standard for the automatic exchange of financial account information. It was developed by the Organization for Economic Cooperation and Development (OECD) and has been designed to prevent offshore tax evasion.
The Kingdom of Saudi Arabia (KSA) has committed to comply with the OECD’s CRS with reporting to the General Authority for Zakat and Tax (GAZT).
Al Rajhi Bank is required to be compliant with the CRS and to collect certain additional information from our customers to determine your tax residency status.
CRS FAQs for Individual
CRS FAQs for Corporate
Foreign Account Tax Compliance Act (FATCA)
Law of Tax Compliance Act of foreign accounts is a new law on the introduction of the US income tax to combat tax evasion from U.S person residing outside the United States. Al Rajhi Bank is committed to applying the tax liability of US accounts Law, by providing information on U.S customer accounts to the (IRS).
FATCA/CRS Entities Declaration Forms
FACTA/CRS Individual Declaration Form