Automatic exchange of tax information: the Common Reporting Standard (CRS)

Annotated version Jersey CRS guidance notes

Tax identification numbers for Jersey residents

If you're reporting on Jersey residents under the CRS, the taxpayer identification number (TIN) will be either their social security number or their TIN.

Tax identification number (TIN)

A TIN is made up of 10 digits.

For example 100-100-1000

Social security number

Social security numbers begin with two letters, usually JY, followed by six digits and a letter.

For example, JY000000A

About the Common Reporting Standard​​​

The Common Reporting Standard (CRS) is the global standard for the automatic exchange of financial account information and aims to prevent cross-border tax evasion. The CRS has been designed to provide maximum consistency with US FATCA.

Jersey has committed to the early adoption of the CRS.​ This means tha​t account information for 2016 will be automatically reported in 2017.

You can read​ the full CRS publication on the OECD website.

Common Reporting Standard on the OECD website​

Format of reporting to Jersey

The Comptroller of Taxes will now accept reports submitted under the Common Reporting Standard (CRS) which include data to be reported to multiple jurisdictions (consolidated reports).

You may still continue to submit single jurisdiction reports.

Separate FATCA and CRS reports must be submitted. For example, if you have a client which is dual resident in the USA and in a CRS jurisdiction, you must include that client's details on both your FATCA and CRS reports.

Regardless of the format you adopt, it remains your responsibility to correctly identify the jurisdiction to which your clients' information is to be transmitted on your return.

Version 3 of the CRS guidance​ notes will be amended shortly to reflect this and other changes arising from the introduction of the CRS standard.

Participating jurisdictions and deadlines

The lists of jurisdictions which Jersey recognises as participating jurisdictions in the CRS.

List has been updated 16 December 2024.

​Jurisdiction	​Relevant Date	​Relevant Year​
​Albania	31 December 2018​	​2019
​Andorra	​31 December 2016	​2017
​Anguilla	31 December 2015​	​2016
​Antigua and Barbuda	31 December 2016​	​2017
​Argentina	​31 December 2015	​2016
​Aruba	​31 December 2016	​2017
​Australia	​31 December 2016	​2017
​Austria	​31 December 2016	​2017
​Azerbaijan	​31 December 2017	​2018
​Bahrain	​31 December 2016	​2017
​Barbados	​31 December 2016	​2017
​Belgium	​31 December 2015	​2016
​Belize	31 December 2016​	​2017
​Bermuda	​31 December 2015	​2016
​Brazil	​31 December 2016	​2017
​British Virgin Islands	​31 December 2015	​2016
​Brunei Darussalam	​31 December 2016	​2017
​Bulgaria	​31 December 2015	​2016
​Canada	​31 December 2016	​2017
​Cayman Islands	​31 December 2015	​2016
​Chile	​31 December 2016	​2017
​China (People's Republic of)	​31 December 2016	​2017
​Colombia	​31 December 2015	​2016
​Cook Islands	​31 December 2016	​2017
​Costa Rica	​31 December 2016	​2017
​Croatia	​31 December 2015	​2016
​Curaçao	​31 December 2016	​2017
​Cyprus	​31 December 2015	​2016
​Czech Republic	​31 December 2015	​2016
​Denmark	​31 December 2015	​2016
​Dominica	​31 December 2015	​2016
​Ecuador	31 December 208​	​2019
​Estonia	​31 December 2015	​2016
​Faroe Islands	​31 December 2015	​2016
​Finland	​31 December 2015	​2016
​France	​31 December 2015	​2016
​Germany	​31 December 2015	​2016
​Ghana	31 December 2016​	​2017
​Gibraltar	​31 December 2015	​2016
​Greece	​31 December 2015	​2016
​Greenland	​31 December 2015	​2016
​Grenada	​31 December 2016	​2017
​Guernsey	​31 December 2015	​2016
​Hong Kong China	​31 December 2016	​2017
​Hungary	​31 December 2015	​2016
​Iceland	​31 December 2016	​2017
​India	​31 December 2015	​2016
​Indonesia	​31 December 2016	​2017
​Ireland	​31 December 2015	​2016
​Isle of Man	​31 December 2015	​2016
​Israel	​31 December 2016	​2017
​Italy	​31 December 2015	​2016
​Jamaica	​31 December 2022	​2023
​Japan	​31 December 2016	​2017
​Kazakhstan	​31 December 2018	​2019
​Kenya	​31 December 2022	​2023
​Korea	​31 December 2015	​2016
​Kuwait	​31 December 2016	​2017
​Latvia	​31 December 2015	​2016
​Lebanon	​31 December 2016	​2017
​Liberia	​31 December 2018	​2019
​Liechtenstein	​31 December 2015	​2016
​Lithuania	​31 December 2015	​2016
​Luxembourg	​31 December 2015	​2016
​Macau China	​31 December 2016	​2017
​Malaysia	​31 December 2016	​2017
​Maldives	​31 December 2018	​2019
​Malta	​31 December 2015	​2016
​Marshall Islands	​31 December 2016	​2017
​Mauritius	​31 December 2016	​2017
​Mexico	​31 December 2015	​2016
​Moldova	​31 December 2023	​2024
​Monaco	​31 December 2016	​2017
​Montserrat	​31 December 2015	​2016
​Morocco	​31 December 2019	​2020
​Nauru	​31 December 2016	​2017
​Netherlands	​31 December 2015	​2016
​New Caledonia	​31 December 2022	​2023
​New Zealand	​31 December 2016	​2017
​Nigeria	​31 December 2017	​2018
​Niue	​31 December 2016	​2017
​Norway	​31 December 2015	​2016
​Oman	​31 December 2018	2019​
​Pakistan	​31 December 2016	​2017
​Panama	​31 December 2016	​2017
​Peru	​31 December 2018	​2019
​Poland	​31 December 2015	​2016
​Portugal	​31 December 2015	​2016
​Qatar	​31 December 2016	​2017
​Romania	​31 December 2015	​2016
​Russian Federation	​31 December 2016	​2017
​Saint Kitts and Nevis	​31 December 2016	​2017
​Saint Lucia	​31 December 2016	​2017
​Saint Vincent and the Grenadines	​31 December 2016	​2017
​Samoa	​31 December 2016	​2017
​San Marino	​31 December 2015	​2016
​Saudi Arabia	​31 December 2016	​2017
​Seychelles	​31 December 2015	​2016
​Singapore	​31 December 2016	​2017
​Sint Maarten	​31 December 2016	​2017
​Slovak Republic	31 December 2015	​2016
​Slovenia	​31 December 2015	​2016
​South Africa	​31 December 2015	​2016
​Spain	​31 December 2015	​2016
​Sweden	​31 December 2015	​2016
​Switzerland	​31 December 2016	​2017
​Thailand	​31 December 2022	​2023
​The Bahamas	​31 December 2016	​2017
​Trinidad and Tobago	​31 December 2016	​2017
​Turkey	​31 December 2016	​2017
​Turks and Caicos Islands	​31 December 2015	​2016
​Ukraine	​31 December 2023	​2024
​United Arab Emirates	​31 December 2016	​2017
​United Kingdom	​31 December 2015	​2016
​Uruguay	​31 December 2016	​2017
​Vanuatu	​31 December 2016	​2017
Relevant Date: The date after which an account should be treated as a reportable account. Relevant Year: The reporting year for which the return is due. The reporting deadline is the 30 June of the following​ year. For example, If the relevant year for a jurisdiction is 2024, reportable persons resident in this jurisdiction in 2024 should be included on the CRS return due by 30 June 2025. Bold: Jurisdictions newly added to the list of participating and reportable jurisdictions with respect to the 2024 reporting year. ​​

Taxation (Implementation) (International Tax Compliance) (Common Reporting Standard) (Jersey) Regulations 2015

CRS handbook

The OECD has written a CRS handbook, which you can download from their website. It provides practical guidance to help financial institutions implement the CRS.

The handbook:

• sets out the necessary steps for CRS implementation
• will help financial institutions implement the CRS more efficiently
• identifies areas for alignment with FATCA
• addresses the operational and transitional challenges resulting from the staggered implementation of the CRS
• contains answers to frequently asked questions

The OECD will update the handbook regularly.

OECD handbook for automatic exchange of financial information​

Countries signed up to the Common Reporting Standard

On 29 October 2014, Jersey joined with the early adopters group in signing a Competent Authority Agreement (CAA) as a first step in the implementation of the CRS.

You can find the agreement below, as well as a list of ​​all countries and jurisdictions which have signed the ​Competent Authority Agreement.

Competent Authority Agreement​​

List of countries signed up to the Competent Authority Agreement​

Crown dependencies and the automatic exchange of information

The ​Competent Authority Agreement doesn't allow for information exchanged between Jersey and the other crown dependencies (ie Guernsey and the Isle of Man). 

We have signed separate agreements with the other crown dependencies, which meets the automatic exchange of information provision in Article 24 of Jersey's double tax agreements with Guernsey and the Isle of Man. These agreements are included in the table below.

​

Domestic regulations

The exchange of information with other countries under the CRS is governed in Jersey by the relevant regulations which should be read together with the below order and amendments recently made. These regulations set out:

• the role and responsibilities of Jersey financial institutions 
  
• the timescales for reporting information to the Comptroller 
  
• the penalties for non-compliance with the regulations ​
  
• certain exemptions for the exchange of information​
  

Read the Taxation (Implementation) (International Tax Compliance) (Common Reporting Standard) (Jersey) Regulations 2015 on the Jersey Law website 

Read the Taxation (Implementation) (International Tax Compliance) (Common Reporting Standard) (Amendment of Regulations No. 2) (Jersey) Order 2017 on Jersey Law website

Read the Taxation (Implementation) (International Tax Compliance) (Common Reporting Standard) (Amendment) (Jersey) Regulations 2017

Joint declaration with Switzerland

On 15 January 2016, the Jersey Government signed a joint declaration with the Swiss Federal Council confirming the basis on which each jurisdiction will exchange tax information automatically under the Common Reporting Standard.

Download joint declaration statement (size 409kb)