Automatic Exchange of Information
The work to ensure compliance with different regulatory regimes in the field of Automatic Exchange of Information (AEOI) has become increasingly complex over the past few years. Ensuring compliance with all requirements is crucial for the sustainability of your business, as are efficiently designed processes to reduce the administrative and financial burden of compliance. 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 to outsource all or part of the work.
In AEOI regulatory matters, Bolder offers a full range of reporting services related to FATCA, CRS and MDR/DAC6. Our team of experts is characterized by many years of practical experience 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. To facilitate this, some foreign entities must report their US clients or owners to the IRS.
Bolder assists you with the registration, onboarding and reporting of 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: 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 the registration, onboarding and reporting of these CRS requirements.
Bolder has a proven track-record of diligent coordination, we make sure local filing requirements are met. In close consultation with the relevant tax advisors of your structure, we ensure that the relevant obligations are adhered to for our clients, including for large multinational companies.
We provide you with DAC6 advisory, due diligence, compliance, and report creation services, helping you to identify and meet your obligations.
