Tax Planning & Compliance

Tax planning and knowing your tax reporting obligations are crucial for growing, managing and protecting your wealth and assets. We help you take a more proactive approach by exploring all of your available options while helping you stay compliant and if disputes arise, negotiating on your behalf.

Tax planning - Taking a proactive approach

We don’t expect you to be a tax expert – that’s our job. We help untangle the complexity of tax obligations and jurisdictions and help you map out the best route for managing, protecting and growing your wealth and assets.

We advise you on the many and most effective options available to you. This may mean exploring different investment structures, diversifying your assets, or simply relocating assets to other jurisdictions.

We work closely with you, alongside your financial adviser, to understand your long-term goals, and to develop sustainable strategies based on your objectives to grow and protect your assets.

Tax disputes – from the straightforward to the most complex

It is possible that at some point you may find yourself in a dispute with the tax authorities. This could be over your tax residence, perceived non-compliance or a past reporting error. It is important to have a team of experienced litigators on your side for all types of tax disputes and in cases where an agreement can’t be reached, represent you in litigation.

Our attorneys have first-hand experience working with governmental tax authorities and as trial attorneys. We are highly familiar with the best ways to communicate and negotiate with the relevant tax authorities.

Read more about our Tax Proceedings & Litigation services.

Tax reporting and compliance

With ever-changing tax laws and regulations across multiple countries, understanding all your tax reporting obligations can seem impossible. We provide you with clear, straightforward legal advice to help you make sense of these obligations and provide the best route to compliance. We also advise financial institutions on providing tax reporting information for their clients who have tax obligations in other jurisdictions.

 

Get in touch

Jennifer Mayo

Partner | Zurich

+41 44 567 8802 | Direct

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Borja López

Partner | Zurich | Madrid

+41 44 567 8827 | Direct

Email me

Art as an asset

We guide you on managing and selling your collection

Selling your collection

In conjunction with regulated and/or trusted art experts, we forensically develop a sales and marketing strategy to help you get the best return on your investment and handle negotiations/the entire sales process for you.

Loaning your works to a museum or gallery

We negotiate art loan agreements with iconic museums and galleries.

Managing and protecting your art collection

In addition to due diligence reviews, our team regularly handles questions relating to export restrictions, authenticity and provenance, as well as insurance coverage. We also provide guidance on setting up curatorial systems.

 

Looking towards the future

We advise on establishing art trusts, while taking other assets into account, and can also provide guidance on setting up arts-related foundations.

Other situations

Our team handles a wide variety of traditional and non-traditional matters involving art, including negotiating loans against artworks instead of sales.

Common Tax Disputes

Some of the more common tax disputes we assist with include:

  • Challenges to disclosures and tax filings - When tax authorities challenge disclosures and incorrect (or missing) tax filings.
  • Tax audits - When tax authorities require more detailed examinations of your tax returns.

We review your tax and compliance requirements and negotiate on your behalf to resolve disputes in the most effective and efficient way possible to protect your assets and overall interests.

Find out more about our Tax Proceedings and Litigation services.

Tax Reporting and Compliance Services

A wide range of services

Tax compliance for individuals - If you have interests and assets in multiple countries, you may have been unaware of some or all of your tax filing and reporting obligations. We assess your current and past tax situation and help you choose the best option to become compliant.

FATCA and CRS for financial and fiduciary institutions - We assess whether your organisation is subject to exchange of information reporting obligations (FATCA and CRS) and if so, the practical steps you need to take to stay compliant. Find out more about our services for FATCA and CRS.

 

Beneficiary statements for fiduciary companies - We advise you on and prepare Foreign Grantor Trusts and Foreign Non-grantor Trust Beneficiary Statements for fiduciary companies where a trust or foundation has US person beneficiaries. The IRS requires these statements for any US person receiving a benefit from a non-US trust.

Tax compliance software solutions for banks and financial institutions – We develop software solutions specific to each organisation to automatically process the relevant client data to create and deliver reports to you. This allows your organisation meet its reporting requirements. We comply with all applicable confidentiality rules, FINMA and other regulations. We have implemented solutions for several large, international financial institutions. Read more about our Corporate and Commercial services.

Tax Regularisation and Your Options

Some countries have tax regularisation or tax amnesty programmes. Our team is up to date on the latest changes and options available for taxpayers in multiple countries.

Country focus: Spain

Our Spanish tax team has significant experience and understands the options available for Spanish tax residents following the end of the Spanish tax amnesty program.