FATCA and CRS Compliance

FATCA / CRS  Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standards (CRS) which have been implemented globally, we provide  services our clients with the following services to assist them in their compliance.

The CRS was developed at the request of the G20 by the Organization for Economic Co-operation and Development (“OECD”) during the Global Forum in Berlin and entered into force in October 2014.

In April 2017, the UAE ratified the Unilateral Declaration, the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information, and the Convention on Mutual Administrative Assistance in Tax Matters.