HK Corporate Services

FACTCA and CRS Compliance

Foreign Account Tax Compliance Act (FATCA) promotes cross border tax compliance by implementing an international standard for the automatic exchange of information related to US taxpayers. FATCA regulations require tax authorities obtain detailed account information for US taxpayers on an annual basis.

Common Reporting Standard (CRS), developed by the Organization for Economic Cooperation and Development (OECD), is a global reporting standard for the automatic exchange of information (AEoI). The goal of CRS is to allow tax authorities to obtain a clearer understanding of financial assets held abroad by their residents, for tax purposes.

Our professional team has extensive knowledge in FATCA and CRS compliance services, which can provide you with a comprehensive analysis and recommendations.