FL Tax & Compliance Digest

Overview Market Tax & Compliance Longevity

Modules

Jurisdictions

Calc Engines

Compliance Modules

CRS

Common Reporting Standard — 100+ jurisdictions automatic exchange of financial account information

FATCA

Foreign Account Tax Compliance Act — US person identification and reporting

AML/KYC

Anti-Money Laundering — Enhanced due diligence for PEPs and high-risk entities

SFC

Securities & Futures Commission — HK licensed activity compliance

BEPS

Base Erosion & Profit Shifting — Pillar 1 & 2 global minimum tax

MiCA

Markets in Crypto-Assets — EU crypto regulatory framework

MAS

Monetary Authority of Singapore — VASP and payment services

Calculation Engines

Cross-Border Tax

Withholding tax, treaty benefits, dual residency analysis

Entity Comparison

HK Ltd vs BVI vs Cayman vs Singapore — tax efficiency comparison

CRS/FATCA

Reporting obligation assessment and entity classification

Succession Simulator

Estate duty, forced heirship, trust vs will comparison

IPO Feasibility

HKEX listing eligibility, share structure, tax implications

Compliance Tracker

Filing deadlines, regulatory change monitoring, gap analysis

Key Regulatory Watch

BEPS Pillar Two — Global Minimum Tax 15%

Over 140 jurisdictions committed. HK concessionary tax regime (8.25%) may require top-up tax for MNEs with revenue > EUR 750M. HK Domestic Minimum Top-up Tax (DMTT) effective 2025.

CRS 2.0 — Crypto-Asset Reporting Framework (CARF)

OECD CARF adopted by 48 jurisdictions. Crypto-asset service providers must report transactions. Expected implementation 2027. Impact on VASP entities and DeFi structures.

HK SFC — Virtual Asset Trading Platform Licensing

Full licensing regime in effect. Retail access permitted under strict conditions. Platform operators must demonstrate cold storage, insurance, and compliance infrastructure.

Singapore MAS — Stablecoin Framework

MAS finalized stablecoin regulatory framework. MAS-regulated stablecoins must maintain reserves, redeem at par within 5 business days. Favorable for SGD-pegged stablecoin structures.

This digest is generated by Fount Legacy AI for informational purposes only. It does not constitute legal advice or tax advice. Regulatory information may not reflect the most current status. Consult licensed professionals for specific compliance matters.