The changes in the International Tax landscape have been quite challenging for organisations and individuals alike. Tax authorities are trying to maximise tax collection to meet shrinking governmental budgets and adopting technology to collect digital footprints that entities have created in the cyberspace in the hope of identifying tax evaders. This aspiration has emboldened the tax authorities to seek international cooperation e.g. the IRS requiring international financial institutions to inform them of assets held by US citizens, or 100+ jurisdictions cooperating to identify and automatically report assets of non-residents held within their financial system. The new changing environment has introduced complexity to businesses whereby they must make sense of the fast changing tax landscape whilst implementing new compliance requirements within their business operations.
Tax has become a top priority for many organisations. At Hansuke, we have not only the right skills and expertise to assist our clients in meeting the stringent and complex tax regulations, but also assist our clients to meet their future challenges.