FATCA/CRS

Exclusive solutions for extraordinary people

FATCA (Foreign Account Tax Compliance Act) and OECD are known to be applicable to US and EU citizens respectively, created for financial information exchange for tax purposes. In 2014 CRS (Common Reporting Standard) was developed in response to G20 request and approved by the OECD Council to attain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. The information required to be collected and reported to their tax authority is automatically transferred between the domicile jurisdiction and those other countries engaged into commitment. Designed to increase tax revenue, these rules are not applicable to foreign financial institutions (FFI), such as banks and funds. Euro Deniz IBU can become the good choice for the said purpose. Licensed with non-FATCA/CRS jurisdiction the exchange system allows us to guarantee our clients the confidentiality of sensitive information.