December 19, 2016
About the report of jurisdiction of residence in the case of new financial account opening
In order to address tax evasion and avoidance through offshore financial accounts, the OECD developed the "Common Reporting Standard (CRS)", which calls on jurisdictions to obtain the information regarding non-residents from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis.
Because the report of jurisdiction of residence is necessary in the case of new financial account opening, please understand beforehand.
For more details, please confirm National Tax Agency homepage (Japanese only).