Key Provisions of the second tranche CRS regulations:

Notification

Reporting

• Any Reportable Accounts or
• Nil return in respect of those Reportable Jurisdictions for which it has no Reportable Accounts.

UK FATCA

Wider approach

Written policies and procedures

Penalties and Offences

Services include:

• Entity classification of your entities and structures to determine the ITC Obligations and analyzing the availability of reporting exemptions.
• Registering and obtaining Global Intermediary Identification Number ("GIIN") from the IRS and completing any other registration or notification with local authorities.
• Reviewing governing documents and subscription documents to determine the adequacy of disclosures provisions
• Preparing and reviewing IRS Forms and Self-Certifications.
• Preparing and reviewing the policies and procedures as set forth in the Regulations.
• Acting as Principal Point of Contact/AEOI Delegate/ Responsible Officer to oversee and ensure compliance with all aspects of the regulations in the respective jurisdiction.
• Reviewing and approving third party investor classification, including relevant agreements with these third parties.
• Classification and remediation of your investor base.
• Preparing and filing the reports in the respective jurisdictions.
• Consulting on technical and operational aspects of these international tax information regulations.