Automatic Exchange of Information

While Automatic Exchange of Information (AEOI) is not new, the push to exchange more information has recently become more global in scope. Aiming to reduce tax evasion through transparency, the OECD’s Common Reporting Standard (CRS) builds on the US Foreign Account Tax Compliance Act (FATCA) to take another step towards a globally coordinated approach to the automatic exchange of financial account information of customers and investors who reside in reportable jurisdictions.

Our team of highly experienced professionals include former regulators and industry experts to help clients make global information reporting manageable. We engage in regular dialogue with tax authorities, as well as local and international regulators and sit on local working groups to ensure we provide clients with meaningful and valuable services.

Our team of tax specialists can help guide clients through the full spectrum of tax issues pertaining to FATCA/CRS and the Mandatory Disclosure Regime which may impact their business.

KPMG in the Crown Dependencies have developed a suite of services to support organisations’ compliance with evolving rule sets across and within jurisdictions, including:

• Providing education and training: Providing training and help desk services.
• Policies and procedures: Assistance in drafting and/or reviewing your internal documentation to ensure it is compliant with regulations.
• Reporting: Providing advice and assistance, as well as our Global KPMG AEOI Reporting Tool.
• Assurance: Undertaking testing and carrying out health checks.

Our tools offer a blend of technology-based services, project accelerators, technical advice, communications and training methods, and process and control planning.

Connect with us today to understand how our team can support your business.