CARF/CRS - Data Requirements

See below for all of the required data elements for completing CARF/CRS reporting.

Filing Entity

The legal entity responsible for the reporting will be the filing entity. The information listed below must be submitted through the Taxbit Dashboard.

For more information on Filer setup, please refer to this guide: Filer Setup

Field Name	Required
Name	Required
Address	Required
Tax Residency	Required
TIN	Required
Contact Name	Required
Contact Phone Number	Required

Please note: If there are multiple filers, please ensure that you are using the correct filer ID for the associated account(s).

Account Owner / Account

For ingestion purposes, the only data point required to create/update an Account Owner is the Account ID. This allows you to add all of your users to the Dashboard, even while you may still be collecting additional information. There will be reports available in the Dashboard to let you know if something is missing for an Account that is eligible for a tax form.

The following table, however, summarizes the required fields needed to complete CARF/CRS reporting.

For more information on formatting the associated Account Owner/Account CSV templates, please refer to the following guides:

CARF/CRS - Account Owner/Account CSV Ingestion Template Guide
CARF/CRS CP - Account Owner/Account CSV Ingestion Template Guide

Field Name	Required
Account Owner ID	Only required if you have Account Owners with multiple Accounts
Account ID	Required
Name	Required
Joint Account Number	If Applicable
Address	Required
Date of Birth	Only required for individuals
Tax Residency	Required
TIN	Required
CARF/CRS Classification	Required
Self-Certification on file indicator	Only required for CRS
Account Type	Only required for CRS
Account Establishment Date	Only required for CRS
Account Closed Date	Only required for CRS
Filer ID	Only required if you have multiple Filers

Please note: There are other fields on the Account Owner / Account model that are not listed here, as they are not required for CARF/CRS reporting.

To the extent any of the Account Owners have a classification of Passive NFE, or Investment Entity in a Non-Participating Jurisdiction, the same information above will need to be provided for each Controlling Person of the Account Owner.

For CRS only, in addition to the above, after the end of the year, the fair market value of the Account will also need to be provided.

Field Name	Required
Account ID	Required
End of year fair market value of the Account	Required

Transactions

For CARF specifically, we’ll need to ingest all of the transactions for each account. Nearly all of the transaction types we support are relevant for CARF reporting, provided you support them on your platform. See here for all available transaction types on the Taxbit platform.

For CRS reporting, no additional information is required outside of the data sent to the Account Owner above.

For more information on formatting the Transactions template, please refer to this guide: Global - Transactions Template Formatting Guide

Field Name	Required
Account ID	Required
Transaction ID	Required
Date and Time	Required
Transaction Type & Subtype	Required See here for all available transaction types
Received Asset Quantity, Currency, and Rate/USD Value	Only required for certain transaction types
Sent Asset Quantity, Currency, and Rate/USD Value	Only required for certain transaction types
Fee Asset Quantity, Currency, and Rate/USD Value	If Applicable
Value Currency	Required