FATCA reporting services | CRS reporting services

Unparalleled global regulatory knowledge
Cross-jurisdictional solutions
Streamlining preparations as you comply with local regulations and laws

Cross-border trading extends and diversifies your portfolio by increasing your potential to launch new products or access new markets.

Through our network of offices covering all key jurisdictions worldwide, we have unparalleled regulatory knowledge both locally and globally. Our cross-jurisdictional solutions and understanding enables you to invest in any region or market with confidence, ensuring compliance with local regulations and laws.

The Foreign Account Tax Compliance Act (“FATCA”) is a US law aimed at reducing tax evasion by US citizens and residents using offshore assets and accounts. With an extensive understanding of both US tax requirements and local regulations elsewhere in the world, we are perfectly placed to assist you with FATCA compliance.

Services include:

Obtaining the Global Intermediary Identification Number (“GIIN”)
Classifying investors tax status based on documentation provided.
Contacting investors where there is insufficient data to determine US status and where applicable request self-certifications in order to determine US status
Performing a full review of investors on December 31st each year to identify any change of circumstances.
Reporting on accounts that are classified as ‘recalcitrant accounts’ post the due diligence reviews
Reporting on all accounts deemed to be held by a US person or entity as per the provisions of the Intergovernmental Service Agreement to the relevant local tax authority within the specified reporting deadlines using the FATCA XML Reporting Schema
Acting as the principal point of contact through one of our employees
Keeping a record of the documents as per the regulatory provisions and provide report to the board of the company

The Common Reporting Standard (“CRS”) is a set of global standards for the automatic exchange of financial account information which impacts on the information gathered from every investor and account holder. CRS is designed to support and give effect to the Automatic Exchange of Information which is a globally coordinated standard aimed at inhibiting offshore tax avoidance and evasion.

We assist in streamlining this process and will support you as you prepare to comply with CRS obligations.

Services include:

Record one or multiple tax residencies (where applicable) in accordance with account opening procedures
Classifying investors tax status based on documentation provided
Contacting investors to obtain additional tax documentation (where required)
Performing a full review of investors on December 31 each year to identify any change of circumstances
Reporting on accounts that are classified as ‘undocumented accounts’ post the due diligence reviews
Reporting on all accounts deemed to be held by a CRS reportable account to the relevant local tax authority within the specified reporting deadlines using the CRS XML Reporting Schema
Acting as the principal point of contact through one of our employees
Keeping a record of the documents as per the regulatory provisions and provide a report to the board of the company