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CRS overview

Commercial Banking – Belgium

To help fight against tax evasion and protect the integrity of tax systems, governments around the world are introducing a new reporting and information-gathering requirement for financial institutions. This is known as the Common Reporting Standard (“the CRS”) and we’d like to help you understand what it means for you.

Under the CRS, we are required to determine where you may be paying tax (often referred to as where you are “tax resident”). We will base this on information we have already or we may ask you for additional details.

If you are tax resident/paying taxes outside the country where you bank then we will give our local tax authority this information, which may then be shared with the tax authority where you are tax resident.

What do you need to do?

In order to confirm your status under the CRS, you may be asked to complete the appropriate self-certification form and send it to HSBC Continental Europe, Belgium, Square de Meeus 23 1000 Brussels, Belgium or to your branch or relationship manager. There are three types of self-certification form for the CRS. The forms are attached below with additional information about which form you should complete.

If you are unsure about any of these terms and if they apply to you, please refer to the Glossary.

Any queries?

If you have any further queries regarding the CRS and your tax position, please contact a tax advisor, as HSBC is unable to provide tax advice. You may also find useful guidance on the OECD CRS portal.

Page last updated October 2022