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Automatic Exchange of Information (AEOI) - FATCA and CRS

Automatic Exchange of Information

Our team can help the local FIs in managing all the FATCA and CRS requirements.

Our team can help the local FIs in managing all the FATCA and CRS requirements.

Amidst the accelerating globalization, tax evasion has become a growing concern among all the major economic players around the globe and tax administrations are under pressure to avoid a negative impact on the compliance culture of their country.

As a solution to this risk, global initiatives such as Foreign Account Tax Compliance Act (“FATCA”, a US centric regime) and Common Reporting Standards (“CRS”, an OECD backed regime) were introduced. These regimes were bought in to build a coordinated approach of disclosure of account information automatically between the tax authorities of various participating jurisdictions (in simple words, called as Automatic Exchange of Information (AEOI).

Our tax professionals can support you to understand the tax aspects in this regard and efficiently implement them, in line with the requirements specified by the Qatar Central Bank.

Our service offerings include:

  • Identifying internal and external inter-dependencies
  • US Inland Revenue Service registration
  • Detailed entity classification and implementation plan
  • Ongoing FATCA and CRS compliance
  • Advisory services for CRS
     

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