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Hidden risks driving FATCA and CRS reporting failures
Financial institutions continue to underestimate how frequently they breach global tax reporting rules, with many falling short of their obligations under FATCA and CRS...
Automation key as Finland tightens FATCA rules
Finland’s financial institutions are facing another gruelling January reporting season after the Finnish Tax Administration introduced tighter FATCA and CRS requirements.
Unlike most jurisdictions...
Avoid the top FATCA and CRS reporting errors
Complying with international tax reporting standards like FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) has become increasingly complex for financial...
Label unveils next-gen FATCA & CRS compliance tool
Label, a global RegTech known for simplifying compliance through technology-driven solutions, has announced the launch of its new Form Validation Module.
The new product comes...
Comply Exchange and Ledgible unite on digital asset tax
Comply Exchange and Ledgible have announced a new partnership designed to simplify the growing challenge of digital asset tax compliance.
How proactive TIN matching supports digital asset compliance
As tax regulation evolves to include digital assets, businesses must shift from reactive to proactive compliance strategies. A key focus has been the expanded scope of Section 6045 and 6045A, which now categorises digital asset trading platforms, wallet providers, and payment processors as brokers. This change subjects them to the same IRS reporting standards as traditional securities, creating new obligations for tax information collection and verification.
Ensuring FATCA and CRS compliance in the Channel Islands: Key requirements...
Financial institutions in the Channel Islands, specifically Jersey and Guernsey, must adhere to stringent compliance requirements under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). These frameworks are crucial in upholding international tax transparency by ensuring institutions report relevant financial information to tax authorities.
How financial institutions in Luxembourg can navigate FATCA and CRS audits
Financial institutions in Luxembourg must adhere to stringent reporting requirements under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS)....
The critical role of FATCA and CRS compliance in fund administration
FATCA and CRS are crucial global regulatory frameworks aimed at increasing tax transparency and preventing tax evasion. TAINA, which offers a fully automated FATCA...
TAINA: Automating compliance under the Cayman Islands’ CRS framework
The Cayman Islands’ Department for International Tax Cooperation (DITC) has announced plans to strengthen its enforcement of the Common Reporting Standard (CRS).
Taina Tech, which...
