Following the introduction of the FATCA and the OECD’s Common Reporting Hong Kong Trustees are now faced with the difficult task of ensuring tax positions of trusts and their beneficiaries are compliant. In Hong Kong, where tax evasion is considered to be a money laundering predicated offence, it is vital for Trustees to ensure they obtain sound international tax advice in giving effect to their role as trustees.
CST Tax Advisors has dedicated advisors who can assist Hong Kong Trust companies ensure they are not caught unaware by complex international tax laws during the course of the administration of a client trust. This is major benefit for Trustees who have potential beneficiaries in countries with complex foreign trust rules such as Australia, the United States or the United Kingdom.
CST Tax Advisors understands trust business and has been a finalist as the STEP Private Client Awards for Boutique Firm of the Year in 2014 and Accountancy Team of the Year in 2015 run by the Society of Trust and Estate Practitioners (STEP)