How will a Samoan RFI reporting under CRS identify account holders who are tax resident in another jurisdiction?

Samoan RFIs identify non-resident account holders through due diligence procedures required under CRS. These includes:

• Collecting a self – certification form at account opening to confirm the account holder’s tax residency
• Reviewing account information for indicators of foreign tax residency, such as:
• Foreign address or mailing instructions
• Non-Samoan TIN
• Place of birth outside Samoa

If an account holder is confirmed to be tax resident in another jurisdiction, their account becomes reportable and must be included in the annual CRS submission to the Samoan tax authority.