CRS
The Common Reporting Standard (“CRS”) adopted by the Council of the Organization for Economic Cooperation and Development (“OECD”) requires that Participating Jurisdictions obtain certain information from their financial institutions that will be automatically exchanged with other Jurisdictions on an annual basis.
The CRS established the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers in scope and the dule diligence procedures to be followed.
In order to ensure full compliance with the CRS, we assist our clients in all aspect and our services include:
- Analysis of specific issues regarding CRS, such as determination of client type pursuant to the law applicable in the client’s country of residence
- Assistance with CRS implementation, such as review and support in case of changes to the on-boarding system and customer documentation
- Assistance with CRS Reporting including xml file preparation and support to software providers for IT implementation
- Training of personnel
We specialize in the main areas of U.S. tax consulting about every aspect concerning QI and FATCA regulations and in training to implement the procedures necessary to achieve the compliance required by the international regulations issued by the OECD, called CRS.
Our team of specialists includes professionals from business and economic backgrounds, lawyers and legal experts who work with enthusiasm and commitment to provide competent and comprehensive assistance for all needs.
The Company’s guiding principle is “To stand by our clients and assist them, to successfully address and solve any tax, legal and business problems.”
