Answer
Yes. If the family office holds financial accounts or entities, it must report under the Common Reporting Standard (CRS) and the U.S. Foreign Account Tax Compliance Act (FATCA), depending on the jurisdictions involved.
Question:When does a family office have to report under CRS or FATCA?
Brief Answer: -
Disclaimer:
This article is intended for informational purposes only. It does not constitute legal, financial, or tax advice. Please consult a licensed professional for personalized guidance.
This article is intended for informational purposes only. It does not constitute legal, financial, or tax advice. Please consult a licensed professional for personalized guidance.