CRS seeks to establish the tax residency of customers. Under the CRS, financial institutions are required to identify customers who appear to be tax resident outside of the country where they hold their accounts and products, and report certain information to our local tax authority. They may then share that information with the tax authority where you are tax resident.
Under the CRS, Malaysian Financial Institutions (MYFI) are required to collect and report to Inland Revenue Board of Malaysia (IRBM), financial account information on non-residents. IRBM will exchange this information with the participating foreign tax authorities of those non-residents.
You may refer to the CRS Self-Certification Form. We will ask from our customer the followings information:
|NRIC No./Passport No.||Address||NRIC No./Passport No.|
|Passport Expiry Date||Country of tax residency||Passport Expiry Date|
|Date of Birth||Taxpayers Identification Number||Date of Birth|
|Place of Birth||Place of registration||Place of Birth|
|Residential Address/Mailing Address||Entity type||Residential Address/Mailing Address|
|Country(ies) of tax residency||Country(ies) of tax residency|
|Taxpayer Identification Number(s)||Taxpayer Identification Number(s)|
You shall notify as-Salihin in writing within thirty (30) days of any change that affects your tax status in relation to CRS.
You have ninety (90) days to response on additional document/information related to CRS as required by as-Salihin.
We would like to seek your utmost cooperation by providing us your information and/or documentation for CRS purposes should it be required. It is important that you respond to all requests in a timely manner.
If you are impacted by CRS in any way, kindly contact your professional tax adviser or refer to the OECD CRS Portal, as as-Salihin cannot offer professional tax advice. Thank you for your understanding and continuous support.