SERVICES
International tax planning is an integral part of a business that would like to grow by expanding their operations internationally. A business entering the international market must partner with an international tax specialist that understands and has knowledge of global tax requirements, to ensure effective tax rates across all its businesses are obtained. Within the international tax planning structure, a specialist must also provide multinationals with guidance in developing efficient operational structures to reach this goal.
This is where CRS Mondial comes in. With extensive experience in international tax planning, we partner with multinationals that are entering the global market and offer an affordable and simple one-stop solution to facilitate the full process:
RESEARCH | PLANNING | REVIEW | IMPLEMENTATION
Because international tax planning should be simple personal affordable
Tax & regulatory compliance is a key component of working individuals and every business and working individual, regardless of how big or small.
A business owner must be able to focus on the operational aspects of their business and know that their tax is optimally structured while complying with all relevant legislation, regulations and policies of South Africa. The same applies to an individual – there is peace of mind in knowing that you are complying with all relevant legislation, regulations and policies, and at the same time, having your tax structured in the best way possible.
Partnering with a tax specialist whose experience and expertise were gained within the tax revenue of South Africa (SARS) for several years is highly beneficial and the solution that a business needs. CRS Mondial offers affordable tax consultation services with a knowledge and insight built on years of working within the South Africa Revenue Service and therefore provides our clients with legal and structural tax expertise to ensure they are within the South African law, yet maintaining optimal tax benefits. We take time to understand a client’s business to ensure we offer them the best possible solutions.
Because tax & regulatory compliance should be simple personal affordable
EXCHANGE OF INFORMATION ON REQUEST AND AUTOMATIC EXCHANGE OF INFORMATION SOFTWARE
CRS Mondial proudly offers affordable, user-friendly software solutions to financial institutions and revenue authorities. Our software requires minimal integration, fulfills clients’ security standards, and can be implemented in 115 countries across the world.
FINANCIAL INSTITUTIONS
Financial institutions need to simplify their processes by implementing efficient and affordable software that deliver accurate and timeous results and feedback. CRS Mondial’s FATCA CRS Applications & Reporting software solutions allow individuals and corporations to navigate the completion of FATCA and CRS tax information forms whilst receiving assistance and instantaneous feedback and assistance during the account opening process.
For Risk and Compliance Managers and Group Tax Managers, our FATCA CRS Applications & Reporting software solutions remove the friction and frustration of inaccurate reporting to Revenue Administrations. It improves capacity and efficiency in business operations by allowing staff to focus on exception management, whilst ensuring that their reporting obligations are completed accurately and timeously.
REVENUE AUTHORITIES
Financial Institution Audit Tool: Implementing an effective risk management strategy and allocating resources efficiently are key objectives to competent authorities. This plays a critical role in ensuring that the due diligence and reporting procedures are correctly implemented. Our Financial Institution Audit software offers an affordable and simple solution to assist revenue authorities in this aspect.
Exchange of Information on Request Case Management System: Designed by a Competent Authority for Competent Authorities, our Exchange of Information on Request Case Management System is a workflow system which removes the administrative burden of managing and maintaining the exchange of information process.
AEOI Reporting System: The AEOI Reporting System is for Competent Authorities responsible for exchanging information on the following forms of exchanges available under the Common Transmission System (CTS 2.0 and CTS 3.0):
- CRS: Common Reporting Standard
- CbC: Country by Country Reporting
- ETR: Exchange Tax Rulings
- EOIR (Structured): Exchange of information on request (Structured)
- EOIR (Free format): Exchange of information on request (Free Format)
- Spontaneous (Structured): Spontaneous exchange of information (Structured)
- Spontaneous (Free format): Spontaneous exchange of information (Free format)
- Generic Status
- MDR: Mandatory Disclosure Rules
- NTJ: Substantial Activities in No or Only Nominal Tax Jurisdictions
- TRACE: Treaty Relief and Compliance Enhancement
- JointAudits: Joint Audit reports
- MAP: Mutual Agreement Procedure
- DTC: Double Treaty Convention
- DPI: Digital Platform Information
- JITSIC: Joint International Taskforce on Shared Intelligence and Collaboration
- GloBE: Global Anti-Base Erosion Rules
- CARF: Crypto-Asset Reporting Framework
- STF: Standard Transmission Format
- CDQ: CRS Data Quality
Because Exchange Of Information Software should be simple personal affordable
Tax compliance training for financial institutions and revenue authorities is critical to establish an accurate work standard and correct application of relevant legislation.
CRS Mondial has had the privilege of providing training solutions for more than 1 000 people in over 17 jurisdictions. We offer bespoke training solutions to financial institutions and revenue authorities. We pride ourselves in understanding our clients’ needs and develop training solutions accordingly.
For financial institutions, our training solutions focus on personnel responsible in the account opening process and review process. Concentrated training sessions are designed for smaller groups focusing on the interpretation of legislation and practical application.
For revenue authorities, our training focuses on exchange of information on request modules, FATCA AND CRS interpretation and auditing of financial institutions. Our training sessions are designed for smaller groups focusing on the interpretation of legislation and practical application.