Executive summary

France has introduced a new reporting requirement, to be filed in 2020, for French Financial Institutions (FIs) with respect to the Common Reporting Standard (CRS) and “recalcitrant account holders.”

For background on the new reporting requirements, see EY Global Tax Alerts:

• France imposes new reporting of recalcitrant account holders for CRS purposes, dated 30 October 2019.
• Fre…