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Common Reporting Standard – Relating to Your Overseas Assets Disclosure

A new report on the Common Reporting Standard was published by Alliott Group on 15 March 2017. The report targets at helping expatriates (and high net worth individuals with assets abroad) to better manage the risks associated with the Common Reporting Standard (“CRS”). Alliott Group is a leading international alliance of professional services firms, of which Lee & Lee Associates is the local affiliated member in China.

This report talks about the importance of CRS to expatriates and individuals with assets held overseas. It explains the basics of CRS, the type of information which will be collected and disclosed about non-residents' accounts, when CRS comes into effect around the world, how expatriates and others can ensure compliance, and which countries have voluntary disclosure programs available to those who are concerned about the tax position of their international assets in the current year or historically.

The services available from Lee & Lee Associates, as one of Alliott Group member firms, will help expatriates and individuals with assets held overseas to better manage the risks associated with the Common Reporting Standard.

You could download the report through the link:

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