Important developments have taken place in the Customer Tax Transparency area recently. We have seen continued focus by the Internal Revenue Service (IRS) and the Organisation for Economic Cooperation and Development (OECD) on the enforcement and implementation of the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS).
Our newsletter aims to update you on the global trends and regulatory changes that impact your business. Awareness of these developments can help you to build a successful operational model.
With that in mind, we would like to share the latest issue of our Customer Tax Transparency newsletter, which you can download via the link below. It provides you with a summary of October’s headlines along with more in-depth analysis of the impact of those developments.
The main areas of focus of this newsletter include:
Sponsored entities Responsible Officer Certifications to the IRS
The OECD Citizenship By Investment/Residence By Investment risk for the CRS
Updated W-9 Form now available
Updates on the Qualified Intermediary (‘QI’) Frequently Asked Questions (‘FAQs’)
IRS publication of the draft instructions to forms: 1099R, 5498, 1099-DIV and 1099B
IRS selected Campaign for FATCA Filing Accuracy to address risk of non-compliance
More information on what these cookies are and how we use them, is outlined in our Privacy Notice.
Please refer to the privacy notice/policy on these sites for more information.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.