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Common Reporting Standard (CRS) Customer FAQs
What is the Common Reporting Standard (CRS)?
Who is reportable?
Why are you asking me for my jurisdiction(s) of tax residency?
Are all Insurance Companies or Takaful Operators doing this?
What information are you asking customers to provide and verify?
How is my tax residency defined?
The information I have been asked for on the forms is similar to the information I have been asked for under Foreign Account Tax Compliance Act (FATCA). Why is this different?
How often will I need to provide this information?
Why is FWD Takaful Berhad providing tax authorities (Inland Revenue Board of Malaysia) with my tax details?
Will FWD Takaful Berhad respect my data privacy?
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