Tax reporting services

Services

Regulatory Tax Reporting Services

Deloitte Solutions

We have solutions for you

In order to keep up with this ever-changing financial and regulatory environment and provide tax authorities with all necessary information, Deloitte Luxembourg has developed a subsidiary named Deloitte Solutions. As a regulated entity with a support PSF status, Deloitte Solutions possesses technical capabilities to produce FATCA and CRS reports across different jurisdictions.

The regulatory reporting team, composed of experts benefiting from a wide range of competencies from tax to IT skills, is available to guide and assist our clients in order to comply with their QI, FATCA, and CRS obligations and is therefore ready to cater to your reporting needs.

Because QI, FATCA, and CRS can require very broad competencies, outsourcing offers great value to your FI. The services offered by Deloitte Solutions allow FIs to reduce their operational burden, which—when it comes to FATCA reporting and automatic exchange of information—is particularly heavy at the beginning of each year.

Outsourcing these activities allows the pooling of technical infrastructure and skills as well as the extension of a range of reports produced from a single set of customer data. As well as utilizing our extensive experience, Deloitte Solutions also benefits from a direct technical channel with the Administration des Contributions Directes to submit FATCA and CRS reports on behalf of our clients.

Qualified Intermediary

  • Presence of QI Agreement signed with the IRS
  • Collect relevant documentation to classify financial accounts for QI purposes
  • Identify QI accounts
  • Report information to the IRS regarding the payments made to direct foreign account holders on a pooled basis

Foreign Account Tax Compliance Act

  • Identification of FIs with reporting obligations
  • Collect relevant documentation to classify financial accounts for FATCA purposes
  • Identify US reportable financial accounts
  • Annually report US reportable accounts information annually to the local tax authorities

Common Reporting Standard

  • Identification of FIs with reporting obligations
  • Collect relevant documentation to classify financial accounts for CRS purposes
  • Identify CRS reportable financial accounts
  • Report information to the competent authority

Deloitte Solutions enables the archiving of produced reports together with the feedbacks received from the tax authorities, as well as the production of the corrective reports due for FATCA and CRS purposes.

"In conjunction with our subsidiary in Zurich (Deloitte Tax Reporting Services AG), we are now able to allow financial institutions in Luxembourg, France, Switzerland, and Monaco to benefit from complete packages which enable their customers to receive detailed, reliable fiscal reports while strengthening the range of services offered by the institutions. In this way, financial players can significantly absorb the costs of regulatory reporting," says Pascal Eber, Partner Deloitte Luxembourg.

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Contacts

Pascal Eber

Pascal Eber

Partner | Consulting–Banking, Insurance & Non-FSI

Pascal is a partner within the advisory and consulting department and has over 17 years of banking experience (front, middle, back-offices and IT) combined with his knowledge of consulting methodologi... More

Alexandre Havard

Alexandre Havard

Director | Consulting–Banking, Insurance & Non-FSI

Alexandre joined Deloitte Luxembourg in 2015 after 5 years as a Project Manager for an international banking group in Paris. He is now acting as a Director in our Consulting department, working mostly... More

Nenad Ilic

Nenad Ilic

Director | Tax - GFSI

Nenad is a director in the CBT-GFSI department, where he assists banks and asset managers on a broad range of local and international tax matters such as corporate taxation, transactional tax planning... More

Anthony Tremblier

Anthony Tremblier

Director | Tax - GFSI

Anthony is a Director with Deloitte Luxembourg Financial Services (FSI) tax practice and has more than 12 years of professional experience. He is specialized in Operational Taxes and as such has parti... More