With the increasing push for global tax transparency, the OECD introduced the Common Reporting Standard (CRS) following the U.S. Foreign Account Tax Compliance Act (FATCA). CRS is designed to combat offshore tax evasion by requiring financial institutions in participating countries — including the UAE, Saudi Arabia, Bahrain, Qatar, Kuwait, and others — to identify and report financial accounts held by tax residents of other participating jurisdictions.

At Goldstone, we provide end-to-end CRS and FATCA compliance services to help your organization navigate complex regulatory requirements and avoid penalties.

Our specialized services include:

• Entity Classification: Determine your organization’s correct status under FATCA and CRS frameworks.

• Impact Assessment: Evaluate your current systems, products, and procedures to identify compliance gaps.

• Due Diligence Support: Assist in implementing mandatory due diligence and account identification processes.

• Policy & Procedure Development: Draft and implement compliance policies in line with FATCA/CRS standards.

• Compliance Review: Conduct audits to ensure alignment with international reporting obligations.

• Reporting Assistance: Help with accurate and timely submission of data to the relevant tax authorities.

Partner with Goldstone to ensure your business is compliant with international tax transparency standards while maintaining operational efficiency and regulatory confidence.