CRS Services are sought by financial institutions to comply with the requirements of the international agreements related to the exchange of information for tax purposes in force in the State of Kuwait. All financial institutions (FIs) operating in the State of Kuwait are required to comply with all requirements set forth in the Multilateral Competent Authority Agreement (“the MCAA”) which was signed between the State of Kuwait and Organization for Economic Development and Cooperation (OECD) to Improve International Tax Compliance and to Implement Common Standard for Reporting (CRS).
Kreston provides its services to financial institutions in the State of Kuwait regarding CRS mandates including:
CRS Assurance Services
CRS FFI Classification Attestation.
CRS Reporting Procedures Attestation.
Issuance of Annual/ On Demand CRS Compliance Certification for financial institutions about the extent of compliance with CRS requirements and integrity of processes and procedures in place.
CRS Consulting Services
Establishing CRS Process, Policies and Procedures.
Troubleshooting issues related to CRS reporting.
![](https://krestonkuwait.com/wp-content/uploads/2022/02/Tax-Compliance-–-CRS.jpg)
Tax & Zakat Services
Contact
- +965 2247 9823
- +965 2247 9824
- [email protected]
- Panasonic Tower, 23rd Floor, Fahad Al Salem Street, Qibla, Kuwait
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