Mar 19, 2021
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Completed

aeoi.gov.ai

$100,000+
Less 1 month
Anguilla, St. Kitts & Nevis
2-5
view project
Service categories
Service type
Web Development
Mobile Development
Design
Domain focus
Government
Solution type
Business Software
Programming language
SQL
Frameworks
.NET

Challenge

The goal of the FATCA regulatory regimes is to identify those who may be evading tax in their home countries. US FATCA requires non-US financial institutions to report to the US Internal Revenue Service details of accounts held by US citizens or taxpayers.
The goal of the FATCA regulatory regimes is to identify those who may be evading tax in their home countries. US FATCA requires non-US financial institutions to report to the US Internal Revenue Service details of accounts held by US citizens or taxpayers.

Solution

UK FATCA is similar regulation that requires financial institutions in the Crown Dependencies and Overseas Territories to report on accounts they hold for the benefit of UK tax residents.
UK FATCA is similar regulation that requires financial institutions in the Crown Dependencies and Overseas Territories to report on accounts they hold for the benefit of UK tax residents.

Results

Clearer understanding of financial assets held abroad by their residents. The US and UK FATCA legislation and the CRS are collectively known as Automatic Exchange of Information (AEOI).
Clearer understanding of financial assets held abroad by their residents. The US and UK FATCA legislation and the CRS are collectively known as Automatic Exchange of Information (AEOI).