Tag: tax reporting

Financial institutions in Luxembourg must adhere to stringent reporting requirements under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). These frameworks ensure tax transparency by mandating the identification and reporting of relevant financial accounts to authorities.

FATCA and CRS are crucial global regulatory frameworks aimed at increasing tax transparency and preventing tax evasion. TAINA, which offers a fully automated FATCA...

The Cayman Islands’ Department for International Tax Cooperation (DITC) has announced plans to strengthen its enforcement of the Common Reporting Standard (CRS).

On June 28, 2024, the IRS released the much-anticipated final regulations for digital asset brokers, providing detailed guidance for reporting sales and exchanges of digital assets.

The Inland Revenue Authority of Singapore (IRAS) has released the third edition of the Common Reporting Standard (CRS) e-Tax Guide on January 12, 2024. The guide is instrumental for Singaporean Financial Institutions (SGFIs), outlining the nation's adoption of CRS, and providing crucial guidance on compliance obligations under the CRS framework.

The US Treasury recently made a significant announcement concerning its diplomatic ties with Hungary. On 8 July 2022, the United States notified Hungary that...

Despite the rising usage of cryptocurrency, regulations are still quite bare and confusing. Principal to this is crypto tax reporting, which some countries are setting rules for, before even clarifying taxation laws.

Tax reporting solution for digital assets CoinLedger has netted $6m in funding, as it looks to scale its team.