Articles
Gain deeper insight with articles that give our considered opinion and predictions of where the industry will go next.
Argentina becomes latest jurisdiction to sign an IGA with the USA
The latest FATCA news is that Argentina has signed a Model 1A IGA with the US. We consider what this means for Argentine financial institutions.
The New QI Agreement 2023: What it means for you (Webinar Recording)
A new QI Agreement is due to be released in January 2023, including new obligations for qualified intermediaries that allow their clients to own interests in publicly traded partnerships.
We hosted a webinar on 8th December for financial institutions in Taiwan and Hong Kong to explain the implications of these proposed changes. Watch the recording now...
Saudi Arabia KYC Rule Approval: What it means for you (Webinar Recording)
Saudi Arabia’s KYC rules were approved by the IRS earlier this year, which means that all Saudi Arabian financial institutions are now eligible to apply for QI status.
We hosted a webinar on 30th November for financial institutions in Saudi Arabia to explain the benefits of becoming a QI. Watch the recording now...
DTC 1042-S Announcements
The DTC has recently launched a new service called the 1042-S Announcement service.
This article is an opinion editorial (op-ed) providing our personal interpretation of the impact of the new service.
Periodic Review and Certification: QIs in Taiwan Take Note
Many financial institutions in Taiwan became qualified intermediaries in 2018 and 2019 and are now approaching their first periodic review.
Find out what you need to consider when selecting a reviewer…
Are AML and CFT Based Practices for Validation of Tax Residency Inadequate for AEoI CRS Purposes?
Marco Zawar shares his views on why Anti Money Laundering and Counter Financing of Terrorsism related due diligence measures in Hong Kong are insufficient to meet financial institutions’ AML/KYC requirements under AEoI/CRS…
Four things you need to know in the US tax reporting season
1042-S U.S. tax reporting season is upon us, so we are sharing our top tips based on the problems we see in the market.
Find out how to ensure your reporting goes smoothly in 2022…
3 Big Problems with US Tax Regulations
We explore some of the problems we have encountered surrounding the use of Form W-8BEN-E by brokerages and issuers of equity linked instruments.
5 things you need to know about U.S. tax reporting in 2022
If your firm is exposed to the US securities market, you may have a 1042-S and 1042 reporting obligation to the IRS. Find out more...
US Reporting Tax – How Does It All Work?
March 28, 2024As we get to the end of March, most of you will probably be fussing over your reporting obligations and […]Read more
The W-8 Web – Perils OF W-8 Validation
March 15, 2024The US tax system is one of the biggest in the world, which of course means that changes will have […]Read more
There Might Be A Problem With Your TCC – And You Need To Act Now
March 12, 2024Now that we’ve all relaxed after the IRS notification that electronic filings of US tax returns (Form 1042) have been […]Read more
Periodic Review Certifications – A Beginners Guide
February 29, 2024After my last article about periodic reviews, a few people asked questions about the types of certifications submitted to the […]Read more
Periodic Reviews – Essential Oversight for QIs
February 27, 2024I just know that a lot of you groaned and put your heads in your hands when you read that […]Read more
1042-S Reporting – A 9-Month Activity You’re Already Behind On
February 14, 2024It’s that time of year again – US 1042-S reporting season! It’s a financial institution’s worst nightmare, and many aren’t […]Read more
Muinmos and TConsult ink deal over digital investor tax self-declarations
October 2, 2023Muinmos and TConsult have signed an agreement to integrate TConsult’s Investor Self-Declaration platform (ISD) into Muinmos’ Client Onboarding Platform, enabling Muinmos’ clients, typically financial institutions, to automatically obtain ISDs instead of using multiple paper tax certification forms to document the tax status of their clients.Read more
Training: The QI’s Achilles’ Heel
April 20, 2023Training is an essential component of your obligations as a QI. In this article we explore what the QI Agreement says about training and how we can help you to deliver cost-effective training to everyone in your firm with a role in QI compliance.Read more
Announcing the Tax Compliance Toolkit Training Academy
April 18, 2023We are delighted to officially announce the launch of the Tax Compliance Toolkit Training Academy with our debut course: QI Essentials. This course provides a foundation level understanding of the U.S. qualified intermediary regime and the role you play in helping your firm to be compliant with the terms of the QI Agreement. Find out how you can access the training...Read more
Argentina becomes latest jurisdiction to sign an IGA with the USA
December 22, 2022The latest FATCA news is that Argentina has signed a Model 1A IGA with the US. We consider what this means for Argentine financial institutions.Read more