Glossary
Self-certification
A declaration by an account holder of their tax residence and identifying details, which a reporting provider must obtain and test for reasonableness.
Self-certification is the mechanism by which reporting frameworks establish where a user is tax resident. The provider cannot simply accept it: it must be checked against information already held, and a certification that conflicts with the customer file is not valid.
For pre-existing users this is the hard part of CARF and DAC8 compliance. Reaching a large dormant population and obtaining valid certifications is a communications exercise as much as a compliance one.
Where this comes up
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