CRS Exchange: 2026 Trends

CRS Exchange: 2026 Trends

CRS (Common Reporting Standard) — a reporting mechanism developed by the Organisation for Economic Co-operation and Development (OECD) — now covers nearly the entire globe. More than 120 jurisdictions have joined the exchange, including many popular destinations such as Cyprus, the UAE, the British Virgin Islands, Seychelles, Belize, and others.

Starting in 2026, a transition to full and systematic information exchange without exceptions is expected. This means that financial, tax, and corporate data of residents who hold assets or accounts in foreign banks will be increasingly shared with tax authorities in their country of tax residency.

🏦 Increased control by financial institutions

Banks and other financial institutions have significantly strengthened internal controls, particularly within KYC and AML procedures. Clients are now required to provide detailed information about:

• sources of income,
• ownership structure (including beneficiaries),
• tax residency jurisdiction.

CRS is gradually expanding beyond traditional bank accounts to include fintech platforms, trusts, funds, and even VASP structures with regulated banking status. In addition, CRS is adding exchange of information on virtual assets. In the coming years, a new global standard — CARF — will be added to the system. It was developed by the OECD and is expected to become the CRS equivalent for digital currencies.

In 2026–2027, tax authorities will begin receiving data not only about your bank accounts but also about your digital wallets. Initially, the exchange will cover the largest jurisdictions — the EU, the United Kingdom, Switzerland, Canada, Australia, Singapore — but other countries, including those already participating in CRS, will gradually join.

🏠 Exchange of real estate data — the final step toward a fully transparent profile

Another breakthrough is the Immovable Property Information MCAA (IP MCAA) initiative from the OECD. It introduces automatic exchange of information on ownership of real estate and land.

This includes:

• apartments, houses, villas,
• land plots,
• income from real estate.

The information will be taken from existing registries, cadastres, and databases — no declarations are required. This means that if a resident of one country owns property in another, the data about that property may automatically be sent to the tax authority in their country of residence.

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