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On March 22nd 2016, Grant Thornton Luxembourg publicly announced the launch of Grant Thornton BPO Solutions, a service line dedicated to financial institutions and which offers mutualised business solutions. The first offering consists of a set of shared services for tax reporting i.e. Fatca / CRS / QI reporting, as well as tax statements for final investors.
Regulatory obligations related to client tax reporting have recently soared (reporting of income on saving products under the EUSD, reporting of US accounts under Fatca and the forthcoming CRS reporting in relation to the automatic exchange of information…). Furthermore bank customers increasingly request tax statements on the income and charges on their financial assets held abroad, such as to include them into...
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