TLDR: The financial accounts subject to tax residency self-certification under the CRS include all types of accounts (bank, postal check, deposit, advance, current, securities, savings, including joint accounts or those with power of attorney), as well as employee savings plans (PEE, PEI) and collective retirement savings plans (PERCO, PERCOI). Profit-sharing agreements (Art. L. 3321-1 of the French Labour Code) and blocked current accounts are excluded.
Bank accounts and similar
The accounts concerned are of all types, including:
- Bank accounts
- Postal check accounts
- Deposit accounts
- Advance accounts
- Current accounts
- Securities accounts
- Savings accounts
These accounts also include joint accounts or those on which the taxpayer or members of their tax household have power of attorney.
Savings plans and specific schemes
The following are also subject to self-certification:
- Employee savings plans (PEE)
- Inter-company savings plans (PEI)
- Collective retirement savings plans (PERCO)
- Inter-company collective retirement savings plans (PERCOI)
Exclusions
The following are not subject to self-certification under the CRS:
- Profit-sharing agreements (Art. L. 3321-1 of the French Labour Code)
- Blocked current accounts
Territorial scope
The financial accounts concerned are those opened in France or abroad, provided they fall under the aforementioned categories.
Self-certification obligations
Self-certification is required for accounts opened from 1 January 2016 (so-called "new" accounts). For pre-existing accounts, it remains optional but may be requested in the event of a change in circumstances.
Special cases
- Passive non-financial entities holding accounts must self-certify the tax residency of the natural persons who control them.
- For minors, the legal representative must provide the self-certification.