Advising on the automatic exchange of information on accounts and the deduction of financial indicators

In today’s globalized world, transparency in financial transactions is becoming a key issue for governments and businesses. To combat tax evasion and ensure effective control over financial flows, international standards for the automatic exchange of financial information, such as the Common Reporting Standard (CRS) and FATCA (Foreign Account Tax Compliance Act), have been implemented.

The CRS, developed by the Organization for Economic Cooperation and Development (OECD), is a universal standard that allows tax authorities in different countries to automatically exchange information about residents’ financial accounts. This ensures the identification of assets hidden in foreign financial institutions and contributes to the harmonization of international tax legislation.

FATCA, created by the US government, is aimed at combating tax evasion by US citizens and residents who hold financial accounts abroad. It obliges foreign financial institutions to report such accounts to the US Internal Revenue Service (IRS).

Since the implementation of CRS and FATCA, companies in many jurisdictions have faced difficulties in complying with international reporting standards. Failure to comply with these requirements can result in significant financial penalties, blocked accounts, reputational damage, and the inability to cooperate with existing and potential business partners. . 

Our experts will help your company overcome these challenges by ensuring transparency and compliance.

We help companies and individuals:

• Understand the requirements of CRS and FATCA.
• Ensure the accuracy of self-assessment documents, determination of the company’s status, and residence of controlling persons.
• Avoid financial risks and penalties.
• Create transparent and efficient business processes.

Our approach includes a detailed analysis of your financial situation, preparation of the necessary documentation, and development of solutions to reduce tax costs while ensuring full compliance with applicable laws.

Stages of service provision

1. Identification of your status with respect to CRS and FATCA provisions. 
2. Analysis of your residence, business type, and asset structure to determine the correct status and potential reporting obligations.
3. Collecting and analyzing data for CRS and FATCA forms.
4. Preparation of documents and reports for financial institutions.Preparation of official reporting forms in accordance with CRS (e.g. Self-Certification Form) and FATCA (W-8BEN, W-9 or other relevant forms).
5. Assistance in responding to tax inquiries from the authorities and support during tax audits.
6. Legal analysis of requests from tax authorities that may arise in connection with CRS or FATCA.

When is it recommended to apply for this service?

• You have financial accounts in foreign jurisdictions and want to comply with CRS or FATCA.
• Your business operates in several countries with different tax systems.
• You are engaged in investment activities.

What do we offer as part of future cooperation?

1. Simple and clear explanations of CRS and FATCA requirements.
2. Accuracy in correctly determining your status and compliance requirements.

Advising on the automatic exchange of account information allows your business to operate confidently and transparently in the global marketplace. We guarantee professional support that will help you reduce tax risks, optimize costs, and build the trust of your investors and partners.

A personalized solution for your business and unlocking its new opportunities in the international economy is not a job, but a mission of DSSolutions.