PwC has launched its own Professionals of the Finance Sector (PSF) tax information reporting service to help companies fulfil their reporting obligations, which have grown in recent years in the ongoing drive to tackle tax evasion.
"The implementation of a reporting system within a company can be a long and costly process as the technical aspects that define the format of the FATCA, CRS and QI reports are complex and constantly changing,” said Pierre Kirsch , Managing Director at PwC Luxembourg.
The PwC service aims to simplify compliance. Kerstin Thinnes, Tax Partner at PwC Luxembourg, added: "The PSF license allows us to provide advice on taxation, risk, compliance and quality control and to submit accurate reports to the tax authorities.”
