Saint Kitts and Nevis: Advisory on CRS requirement to obtain date of birth information

Reporting financial institutions are required to obtain date of birth information for all new accounts

Advisory on CRS requirement to obtain date of birth information

The tax authority of Saint Kitts and Nevis on 21 February 2022 issued an advisory on the common reporting standard (CRS) requirement to obtain and report a date of birth for reportable persons.

Reporting financial institutions were required to obtain date of birth information for all pre-existing reportable accounts (accounts opened before January 2017) by the end of 2018, and the information obtained must be included in the financial institution’s customer file.

Reporting financial institutions are also required to obtain the date of birth information for all new accounts (accounts opened after January 2017) during the onboarding process. The information can be obtained from any valid government issued identification document submitted while opening the account.

Failure to report a date of birth may result in administrative penalties imposed on the reporting financial institutions.

Read a March 2022 report [PDF 310 KB] prepared by a KPMG member firm in the Caribbean region


The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.