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.