a. Register on MDES
- Create an account with the Ministry for Revenue’s MDES platform to enable CRS reporting.
b. Understand and conduct the due diligence rules (reference the rules here for Individual and entity accounts)
- Apply CRS due diligence rules to identify account holders who are tax resident in other jurisdictions.
- Individual account rules
- Entity account rules
c. Have a CRS policy that outlines requirements of CRS to assist staff
- Develop an internal policy that outlines CRS requirements and guides staff on compliance procedures.
d. Collect CRS information (under #4 above)
- Gather required data from account holders, including tax residency, TIN, account details and controlling persons.
e. Submit CRS information to Samoan tax authority via MDES
- Upload annual CRS data through the MDES portal by the reporting deadline.
