Worth knowing Private asset cash flows - how you can avoid problems

The Gift Notification Act, the Capital Outflow Notification Act, the Joint Reporting Standard Act are regulations which are expensive for taxpayers in terms of nerves and consulting fees.

Although the first wave of tax audits carried out on the occasion of reported capital outflows seems to have been withstood, various reporting requirements remain unchanged. We will be informing you as regards which payments or assets on private and corporate accounts entail reporting obligations to the authorities and how you can avoid becoming an audit case yourself in the near future.