Image

FATCA / CRS Reporting

​With increasingly complex global reporting standards, it’s essential to understand and meet your obligations. FATCA in the US is the perfect example. Not only is FATCA compliance a major undertaking, but any mistakes can prove costly. Failure to comply with the act can result in a 30% withholding tax on payments of US income.​

The introduction of FATCA inspired the Common Reporting Standard (CRS), officially known as the Standard for Automatic Exchange of Financial Account Information. CRS is a global regime, designed to facilitate the systematic and automatic transfer of financial information to prevent tax avoidance and evasion. ​

While compliance is of course critical, reporting and filing needn't be a headache. Our team of FATCA and CRS reporting specialists makes the process easy for you, assessing your requirements and ensuring full compliance at every level. 

Read More

The US Congress passed the Corporate Transparency Act in 2021 to create a beneficial ownership registry for US legal entities. The US Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, has recently issued final regulations on the act. The regulations clarify who must file information, what information they must submit and when they must file. FinCEN’s new reporting requirements go into effect 1 January 2024.
Regulators, customers, investors and employees are demanding that environmental, social and governance principles drive how organisations operate and what they report on.
To take advantage of the global talent pool, companies are increasingly offering stock equity to attract and retain employees. The equity is usually awarded at a low cost in a pre-IPO phase, and in some cases involves globally mobile employees. Granting stock options to expatriate employees can introduce important tax obligations and risks in the home and host countries that are sometimes not fully understood by multinational employers.
White

Contact Us

We go to the ends of the earth for you
  • 5,000 Professionals
  • 85+ Offices
  • 45+ Jurisdictions
See all locations