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Common reporting standards (CRS)

The rules and regulations on the CRS are complex and detailed, to say the least. Having a knowledgeable and expert partner at your side will help you navigate the complexity.

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Navigating the complexity of common reporting standards

The CRS is an information standard for the Automatic Exchange Of Information (AEOI) regarding financial accounts on a global level. CRS aims to strengthen tax transparency and address aggressive tax planning. Financial Institutions (FIs) are required to identify and report on all specified persons of each of the 90+ participating jurisdictions. Staying abreast of the requirements is a substantial but necessary task.

But, the rules and regulations on CRS are complex and detailed. Understanding if your company classifies as a FI is the first step. To comply with the reporting obligations and deadlines as a FI, you need to review your annual financial accounts and report, if applicable, to the local tax authority. Operating in multiple jurisdictions will make this more complicated. We can assist you all the way from classification, through due diligence to reporting so you’ll avoid the consequence of failing foul of compliance requirements such as fines.

How we can help you

Classification

We can help you identify if and how CRS impacts you and your business

Due diligence

We can perform the assessment of qualifying financial transactions, risks, liabilities and costs

Reporting

Our local experts  can assist you with your reporting obligations making sure you’re compliant

What makes us different?

Expert

We power businesses to succeed with our world-leading, specialised administration services

Global

We have a global network of 41 offices and an extended, carefully selected, third party network in over 90 jurisdictions.

Experience

We service 60% of the top 10 of the Fortune 500.

Expertise

4,000+ local experts with multi-language capabilities at your side.

Technology

Utilise our powerful tech-enabled approach through our state-of-the-art reporting tool.

Approach

Coordinated approach and processes by a central point of contact.