Common Reporting Standards

COMMON REPORTING STANDARDS

As the world becomes increasingly globalised and cross-border activities become the norm, tax administrations need to work together to ensure that taxpayers pay the right amount of tax to the right jurisdiction.

A key aspect for making tax administrations ready for the challenges of the 21st century is equipping them with the necessary legal, administrative and IT tools for verifying compliance of their taxpayers. Against that background, the enhanced co-operation between tax authorities through AEOI (CRS – COMMON REPORTING STANDARDS) is crucial in bringing national tax administration in line with the globalised economy.

INTERNATIONAL TAXATION

A professional team of Experts, specialized in International Taxation and focussed in Tax Consulting & Advisory with international experience, will bring you valuable high end expert advice.

We take care of the whole process, from Accessing your personal circumstances, Tax Consulting and Advisory to suit fit your needs and implementation of better suitable structures.

We offer an initial Consultation free of charge via Skype.

INTERNATIONAL TAXATION

Nowadays it is important to have ever increasing OECD Standards in mind to avoid possible Tax and Criminal Allegations through non compliant and validated Corporate Structures. Speak to us to find out your Alternatives.

INTERNATIONAL TAXATION - CFC-RULES

Do I need to consider CFC-Rules if I own an Offshore entity? Get in touch and find out more.

OFFSHORE OR ONSHORE?

It is surely not forbidden to own an Offhore Company for a legitimate purpose. However, if the only purpose of your Offshore entity is Tax Avoidance or even worse Tax Evasion, you should reconsider all options.

Through latest OECD developments – AEOI and CRS Standards – there is no space for any undeclared income or hidden assets.

Speak to us to find more about how to comply with national Tax rules.

COUNTRY-BY-COUNTRY REPORTING

Recently, the OECD, together with the BEPS Associates, has attained a further major step towards increasing tax transparency: The implementation package on Country-by-Country Reporting.

The so called Action 13 of the BEPS project, published on 8 June 2015, foresees that tax authorities will automatically exchange key indicators (such as profits, taxes paid, employees and assets of each entity) of Multinational Enterprise Groups with each other, therewith allowing tax authorities to make risk assessments as to the transfer pricing arrangements and BEPS-related risks, which may then serve as a basis for initiating a tax audit.

WHO JOINED OECD's AEOI

Please find out if your Country joined the latest OECD Standards.

https://www.oecd.org/tax/transparency/AEOI-commitments.pdf

MULTILATERAL COMPETENT AUTHORITY AGREEMENT (MCAA)

With over 100 jurisdictions having committed to exchanging information with each other under the CRS, exchange relationships between jurisdictions are typically based on the multilateral Convention on Mutual Administrative Assistance in Tax Matters (the “Multilateral Convention”). A list of participating jurisdictions is available.

Common Reporting Standards

COMMON REPORTING STANDARDS

INTERNATIONAL TAXATION

INTERNATIONAL TAXATION

INTERNATIONAL TAXATION - CFC-RULES

OFFSHORE OR ONSHORE?

COUNTRY-BY-COUNTRY REPORTING

WHO JOINED OECD's AEOI

MULTILATERAL COMPETENT AUTHORITY AGREEMENT (MCAA)

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