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The electronic outsourcing solution for international private clients’ tax reports.

Foreign private clients of Swiss financial services providers are often confronted with complex tax declaration requirements in their country of domicile. Bank clients want an overview of their tax-relevant capital gains, etc. in a tax report in order to enable them to meet the tax obligations in their respective home country without any considerable extra effort.

The financial services providers face the following challenges, among others, in preparing tax reports:

  • Complex country-specific tax legislation
  • Regular changes to tax legislation
  • Confidentiality and security of client data
  • Examination by foreign tax administrations (e.g. AEOI)
  • Technical obstacles (e.g. licensing)
  • Regulatory requirements
  • Scarce internal (IT) resources

An efficient and experienced team from KPMG with specialist expertise in determining income from investments and drawing up tax reports taking account of country-specific taxation principles supports you in finding needs-oriented solutions. A generic report is also made available.

KPMG's “Multishore Tax Reporting” service offering includes:

  • Determination of income from investments
  • Reporting of income in accordance with the country-specific tax forms or generic breakdown (generic report)
  • Supplementary notes (information sheet on the procedure and tax assessment)
  • Withholding tax reimbursements and relief at source
  • In-house training of bank employees

Your benefits:

  • Professionally prepared client-oriented tax reports that comply with current legislation
  • Increased levels of client satisfaction
  • Tax and IT advisory services from a single source
  • Local contact in Switzerland
  • Flexible services irrespective of internal IT systems
  • Needs-oriented service scope
  • Qualified and experienced experts in the area of international tax law
  • No additional license fees
  • No additional costs for the purchase of fund data

As a partner with a detailed knowledge of the regulatory standards in the financial services industry (incl. FINMA circular 2008/21 “Operational risks” – appendix 3), KPMG also offers you maximum data security.

Should support in connection with your existing in-house solution be paramount instead of a complete outsourcing solution, we will be happy to help you in analyzing your in-house solutions and provide you with tax advice in this regard.