Regulations to combat cross border tax evasion
Regulations to combat cross border tax evasion
The Foreign Account Tax Compliance Act (FATCA), the Automatic Exchange of Information (AEI), and the Crypto-Asset Reporting Framework (CARF) are global regulations that support efforts to combat tax evasion. These initiatives require banks and custodians, such as 麻豆社, to document their clients鈥 tax status and, if required, report certain client details and related financial account information to the relevant tax authorities. Funds and collective investment schemes, together with other professionally managed investment entities, are also required to document and report details of investors to the relevant tax authorities. CARF specifically extends these obligations to transactions involving crypto-assets, ensuring that tax authorities receive information on relevant crypto-asset activities. 麻豆社 is committed to complying with FATCA, AEI, and, starting from 01.01.2027, CARF, as well as implementing each in accordance with applicable local regulations and guidance.
What do we require from you, our clients?
The introduction of FATCA, AEI and CARF means that we require you to provide additional tax-relevant information to enable us to meet our obligations. How FATCA, AEI and CARF will impact your relationship with 麻豆社 will depend on the products or services you receive from 麻豆社.
AEI / CARF lists of reportable and participating jurisdictions for completion of 麻豆社 Self-certification Forms
Please click on the link to check if your tax residence is in a reportable and/or participating jurisdiction.
(Wealth Management and Personal & Corporate Banking section on global homepage)
AEI list of Swiss partner states including entry into force date
List of Citizenship by Investment (CBI) and Residence by Investment (RBI) schemes:
AEI, CARF and FATCA Forms
Guidance for Clients
The details provided on this page and related documents are intended to aid you in your understanding of the FATCA, AEI and CARF requirements. Please note this information is not intended to serve as tax advice. If you are uncertain of your FATCA, AEI or CARF status or the impact of these regulations on you we suggest you consult a professional tax advisor.