First of all- What is the CRS? Read the article here: What is the CRS?
The Common Reporting Standard defines different categories which a company can be assigned. As with all taxation regulation, it might look complicated to choose the correct category. In the next questions in this FAQ, you'll find an explanation guide for the categories to better understand them and assign the correct category for your business.
The types you can select are the following:
- Active non-financial entity
- Passive non-financial entity
- Passive non-financial entity investment holding type B
Please read all those article and select the CRS types according to them. However, please note that Penta does not provide tax advice and in case of any non-general questions, please do contact your tax lawyer.