Skip to content
English
Go to moneff.com
  • There are no suggestions because the search field is empty.

What is the tax information update (CRS), and why now?

CRS (Common Reporting Standard) is an international system that helps tax authorities make sure people pay tax in the right country. Banks and e-money institutions in more than 100 countries follow it, and Moneff does too.

New rules apply to Moneff from 1 January 2026: the International Tax Compliance (Amendment) Regulations 2025 in the UK, and Council Directive (EU) 2023/2226 as applied in Denmark. These rules require us to know where our customers are tax resident. To keep this simple and the same for everyone, we're asking every customer for:

  • the countries where you are tax resident
  • your tax identification number (TIN), for the countries where we need it (the app only shows this field when it's needed)
  • your country and town of birth

You are not being asked because of anything on your account. Every customer gets the same request.

It takes a few minutes, and there is nothing to upload. See: How do I add my tax details?