COMMON REPORTING STANDARDS (CRS)
Implementation of
Common Reporting Standard (CRS)
The Government of Dominica has introduced Common Reporting Standard (CRS), which provides for the automatic exchange of financial account information with reporting partners on request and assistance in tax collection.
To comply with the Commonwealth of Dominica CRS Law, as of November 2021, NBD will begin the process of collecting relevant information from all NBD account holders, including self-certification of tax residence/status.
In this regard, all existing account holders will be required to complete applicable CRS forms. The Bank will contact customers in the following months to fulfill this obligation.
Customers will also be asked to complete a self-certification form which will allow the bank to obtain the necessary information for reporting purposes, when opening or updating an account.
The National Bank of Dominica Ltd. (NBD) remains committed to being fully compliant with all banking and tax regulations.
Please email us at [email protected], call 767-255-2300 or WhatsApp at 767-265-2300 should you require further clarification.
Questions?
Visit us, call 1-767-255-2300, or Ask NBD via the form provided.
