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Foreign Account Tax Compliance Act (FATCA) | Deloitte solution


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Foreign Account Tax Compliance Act (FATCA)Your challenge

  • Commercially, your entity cannot compete in the global market place if your clients suffer from a 30% withholding tax.
  • You will have to implement the systems and operations to adhere to disclosure, reporting and withholding obligations. Current account opening processes, transaction processing systems and know your customer procedures will be impacted. Proper compliance risk assessment should be addressed immediately to evaluate necessary modifications to existing systems, processes and procedures.
  • Because FATCA requires very broad competencies, ranging from tax to IT implementation via programme management, you recognise the need for professional advice and support.

Our solution

Deloitte can support you during the entire FATCA requirements implementation process:

  • Performing impact assessment and/or gap analysis
  • Facilitating trainings and workshops
  • Defining your target business model and operating model
  • Providing program management
  • Reviewing your client data
  • Reviewing policies and procedures
  • Defining system and operational impacts
  • Drafting your functional and technical specifications
  • Supporting change management
  • Performing on-going FATCA regulatory support

This flyer is also available in German.

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Contacts

Name:
Pascal Rapallino
Company:
Deloitte Luxembourg
Job Title:
Partner - Private Wealth Services Leader
Phone:
+352 451 452 846
Email
prapallino@deloitte.lu
Name:
Pascal Noël
Company:
Deloitte Luxembourg
Job Title:
Partner - Tax - International Tax-GFSI
Phone:
+352 451 452 571
Email
pnoel@deloitte.lu
Name:
Basil Sommerfeld
Company:
Deloitte Luxembourg
Job Title:
Partner - Operations & Human Capital Leader
Phone:
+352 451 452 646
Email
bsommerfeld@deloitte.lu
Name:
François Guilloteau
Company:
Deloitte Luxembourg
Job Title:
Partner - Tax - International Tax-GFSI
Phone:
+352 451 452 577
Email
fguilloteau@deloitte.lu
Name:
Michael JJ Martin
Company:
Deloitte Luxembourg
Job Title:
Partner - Forensic & Dispute Services
Phone:
+352 451 452 449
Email
michamartin@deloitte.lu
Name:
Elisabeth Layer
Company:
Deloitte Luxembourg
Job Title:
Partner - Audit
Phone:
+352 451 452 331
Email
elayer@deloitte.lu
Name:
Alain Verbeken
Company:
Deloitte Luxembourg
Job Title:
Directeur - Tax - International Tax-GFSI
Phone:
+352 451 452 513
Email
averbeken@deloitte.lu

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