The CRS services we provide include advice, classification, due diligence, compliance and reporting, helping you to stay on top of your obligations.
OECD COMMON REPORTING STANDARD ("CRS") CONSULTANCY SERVICE
We offer a full CRS Consultancy Service to High Net Worth client families and financial services firms including banks, investment managers, trustees and other fiduciaries.
These services comprise:
FIDUCIARY STRUCTURE ANALYSIS
ENTITY CLASSIFICATION
The CRS classification of an entity is a crucial first step in determining who may be reportable and who is responsible for that reporting. We:
IDENTIFICATION OF REPORTABLE PERSONS
For each entity we:
MITIGATION STRATEGIES
Where possible within the confines of the regulation, we will identify possible options to mitigate reporting impacts including, but not limited to, rationalisation of a structure.
REPORTING TO CLIENTS
We prepare and issue to the client family/individual(s) a detailed written report setting out all of the above.
IMPLEMENTATION SUPPORT AND ASSURANCE
IMPLEMENTATION SUPPORT
We assist banks, asset managers, fiduciary service firms and independent trustees with the implementation of the CRS by:
ASSURANCE
We audit the adequacy and effectiveness of the implementation of CRS requirements. In particular on the arrangements and approach to:
Where deficiencies are noted we will provide recommendations as to the required remedial actions.
REPORT SUBMISSION
We can prepare and submit your reports to the respective tax authorities through our in-house reporting software solution hosted in Switzerland.
This includes:
