Tax Regulatory Services

REQUEST A FEE QUOTE

TRS-QI Services

QI Advisory Services

  • Hotline and ad hoc assistance aiming to provide fast and reliable answers to QI technical queries
  • Trainings to raise awareness on QI topics (general and tailor made)
  • Drafting and review of QI policies, procedures and manuals
  • Drafting and review of the QI sections of legal documents (e.g. account opening sets)
  • Assistance with requesting QI and QDD status
  • Assistance with the QI regime (IRS Section 1441), the “Qualified Derivative Dealer” (“QDD”) regime applicable to dividend equivalent payments (IRS Section 871(m)), the Publicly Traded Partnerships (“PTPs”) regulations (IRS Sections 1446(a) and (f))
  • Dialogue with the U.S. tax authorities (IRS)
  • Implementation of QI Compliance Program (incl. drafting and review of the procedural body, internal controls plan)
  • Guidance on QI Agreement renewal
  • Assistance for the preparation of the QI Certification (incl. QI Periodic Review Waiver request)

QI Reporting Services

For the QI annual reporting (i.e. Form series 1042), our services include:

  • Assistance with reconciliation works
  • Assistance for the preparation and/or quality review of the QI reporting (e.g. Form 1042, Form 1042-S)
  • Access to an IT tool (eFire) for the preparation and submission of the QI reporting, which can be used regardless of your country of residence

For further details regarding eFIRE, please click here and you will be redirected to our specific page under Information Technology / BDO Technology.

QI Audit Services

  • Performance of QI Periodic Review - Fact Finding
  • Performance of different types of QI Compliance Program reviews, e.g. Global assessment, Internal Controls review, Health Check
  • Assistance to design, implement and test QI Remediation Plan

QI Outsourcing Services

  • Secondment of qualified BDO staff in your premises to review account holder / investor documentation for QI purposes as part of 1st line of defense
  • Performing internal controls of the 2nd line of defense (monitoring of compliance of the 1st line of defense and assisting in identifying risks)

Key Contact

Related Insights