AEOI Updates and Tracking Service AEOI Updates and Tracking Service

Is your organization seeking a way to keep current with the rapidly evolving rules for the application of the Foreign Account Tax and Compliance Act (FATCA), both within and outside of the United States, and the Organization for Economic Co-operation and Development’s Common Reporting Standard (CRS)?

If yes, subscribe to the KPMG Automatic Exchange of Information (AEOI) Updates and Tracking Service.

KPMG AEOI Updates and Tracking Service is designed to help you keep up to date with changes to FATCA and CRS regimes across nearly 50 countries. It can help you reduce the costs and resources devoted to accumulating legislation and guidance that is relevant to AEOI information reporting compliance.

As a KPMG AEOI Updates and Tracking Service subscriber, you select the jurisdictions you want to track (see table below for supported locations) and receive tailored:

• ongoing alerts of AEOI developments in the jurisdictions where you operate
• monthly summaries of the alerts from the prior month
• monthly spreadsheet grids of updates and regime status

What does your KPMG AEOI Updates and Tracking subscription include?

Covering the jurisdictions you select in your subscription, you receive via e-mail:

• Announcement and Document Alerts: Alerts are e-mailed to you when each of the supported jurisdictions make official announcements and release or update legislation or guidance related to FATCA and CRS. These alerts include a brief summary of the development and a link to the official document.
• Analysis Alerts: Separate alerts for FATCA and CRS have been created containing approximately 30 frequently asked questions regarding a jurisdiction’s implementation of the FATCA and CRS reporting program. These alerts are sent to you as the responses change based on announcements or documents issued by the tax authorities.
• Participating and Reportable Jurisdiction Alerts (P&R Alerts): Your subscription encompasses CRS participating and reportable jurisdiction lists, which include links to the source documents and effective dates.

This monthly recap summarizes relevant AEOI activity that occurred in the previous month.

Grids:

• Alert Grid: On a monthly basis, you receive a spreadsheet that consolidates information (e.g., jurisdiction, regime, title, date) from the Announcement and Documentation Alerts, Analysis Alerts, and P&R Alerts going back to 2014 and includes links to the alerts.
• Status Grids: On a monthly basis, you receive two spreadsheets, one each for FATCA and CRS, that contain key items of information and links regarding the status of regime; draft or final legislation, regulation, and guidance; reporting; onboarding; and for the CRS, time lines and the positions taken by the jurisdiction on optional provisions. These status grids also include a change log, enabling you to see what key pieces of information or documents changed over time and helping you identify potential updates to your systems and processes needed to conform to business as usual.

Pricing:

Subscriptions to the outlined deliverables will be priced between $1,500 and $500 per jurisdiction based on jurisdictions requested and number requested. Please contact us for further details.

List of supported countries/territories:

Anguilla
Antigua & Barbuda
Australia
Austria
Barbados
Belgium
Bermuda
Brazil
British Virgin Islands
Bulgaria
Canada
Cayman Islands
China
Dominica
Finland
France
Germany
Grenada
Guernsey
Hong Kong
Hungary
India
Ireland
Isle of Man
Italy
Japan
Jersey
Liechtenstein
Luxembourg
Malta
Monaco
Montserrat
Netherlands
Oman
Pakistan
Portugal
Romania
Russia
Singapore
South Africa
South Korea
St Kitts & Nevis
St Lucia
St Vincent & the Grenadines
Switzerland
Taiwan
UAE
United Kingdom
Vietnam

To find out more about how our KPMG AEOI Updates & Tracking Service can help your business, visit Information Reporting & Withholding Tax Services, or contact one of the professionals listed below from our Information Reporting & Withholding Tax Services practice or your KPMG adviser.

Cyrus Daftary
Global AEOI Leader, KPMG International; Principal and US Operational Leader, Information Reporting & Withholding Tax Services, KPMG in the US
+1 617 512 3398
cdaftary@KPMG.com

Peter Grant
Partner
KPMG in the UK
+44 (0)7500 608 649
Peter.Grant@KPMG.co.uk

Laurie Hatten-Boyd
Partner
KPMG in the US
+1 206 419 0487
lhattenboyd@kpmg.com

Charles Kinsley
Partner
KPMG Hong Kong
+852 28 26 8070
charles.kinsley@kpmg.com

Rohini Sanghani
Director
KPMG in the UK
+44 7771 624268
Rohini.Sanghani@KPMG.co.uk