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CRS & FATCA

In recent years there have been a number international initiatives based around the common goal of collecting more information about the tax affairs of individuals and companies. These initiatives are now creating a new level of responsibility for businesses such as JTC and whilst we recognise our obligations to comply with these regulations, our objective is to do so in manner that is also consistent with our aim of ensuring the highest standards of client data security and confidentiality.

The first and probably most well recognised initiative is that of US FATCA. This publication is designed to provide you with information on the impact of the US FATCA regime, via a series of ‘Frequently Asked Questions’ It is not intended in any way to be a substitution for or to replace professional advice in respect of personal tax issues but rather it is a guide that will help explain the new rules as well your obligations and those of JTC.

The latest initiative of this type is the Common Reporting Standard (“CRS”). This publication is designed to provide you with information on the impact of the CRS regime, via a series of ‘Frequently Asked Questions’ It is not intended in any way to be a substitution for or to replace professional advice in respect of personal tax issues but rather it is a guide that will help explain the new rules as well your obligations and those of JTC.

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