Automatic Exchange of Information
Over the past few years, it has become increasingly complex to ensure compliance with different regulatory regimes within the field of Automatic Exchange of Information. Although complicated, AEOI compliance should not be overlooked, as compliance is crucial for the sustainability of your business, and so is an efficiently designed compliance process that reduces administrative and financial burdens for entities.
At some stage, most businesses find themselves in a position where they must decide whether it makes more sense to carry out the work in-house or outsource all or part of it.
In AEOI regulatory matters, Bolder offers a full range of reporting services related to FATCA, CRS and MDR/DAC6. We have a team of experts with many years of practical experience in the field and in-depth technical skills. We assist you in due diligence and reporting obligations – providing you with tailor-made solutions to help you meet your particular needs in a timely, accurate and efficient manner.
The Foreign Account Tax Compliance Act is a US federal law that targets US Persons who may be concealing assets held in foreign accounts. Some foreign entities must report their US clients or owners to the IRS to facilitate this. Bolder assists you with registering, onboarding and reporting the FATCA requirements mentioned.
The Common Reporting Standard – developed by the Organization for Economic Cooperation and Development (OECD) – is a global reporting standard for the automatic exchange of information. Its purpose is to allow tax authorities to obtain a clearer understanding of financial assets held abroad by their residents. Over 100 countries have agreed to share information on residents’ assets and incomes in conformation with these standards. Bolder supports its clientele with registering, onboarding and reporting these CRS requirements.
We provide you with DAC6 advisory, due diligence, compliance, and report creation services, helping you to identify and meet your obligations.
We provide you with DAC6 advisory, due diligence, compliance, and report creation services, helping you to identify and meet your obligations.
Contact us today, so we can tailor our reporting services to ensure your timely and accurate compliance with AEOI regulations.
