COMMON REPORTING STANDARD

The basic principle of CRS is searching for and reporting of information on accounts of tax non-residents to tax authorities worldwide.

Individuals

What shall I bring with me if I pay my taxes in a country other than the country of my permanent residence?
If you have your tax residence in a country other than the country where you live (your permanent address), we may ask you to submit other documents next to the standard documentation in order to prove your tax residence (e.g. a tax residence certificate). If you already have your tax residence certificate, bring it with you to your bank branch. In case the bank will not have adequate information to assess your tax residence, we will ask you to submit the necessary documentation within 90 days of signing the agreement.
What shall I bring with me if I pay my taxes in the same country as the country of my permanent residence is?
If you have your tax residence in the same country where you live (your permanent address), we will only ask you to submit standard documents for opening an account. You will have to come to our branch and sign the client information form by which you will confirm your tax residence and tax identification number (if you have any).
How shall I proceed if I receive Call for Cooperation from RBCZ
In case RBCZ informs you that you have to explain inconsistencies in your personal data or provide a missing data, it is important to find out what exactly is required from you. Here are the most frequent types of calls:
You have not registered your tax identification number (Tax ID) with us:
We are legally bound to register your Tax ID if you are a tax resident of a state other than the Czech Republic, however, we do not know the number and it is therefore necessary that you communicate it to us. Click here to see the guide to find your Tax ID. We found a discrepancy between the state of your tax residence and your permanent address in the documents we received from you, or we found other evidence that you are not a tax resident in the country you specified. For this reason, we cannot consider the client data form that you have signed to be valid and we need you to provide a statement of your tax residence. For more information on tax residence certificate clickhere.