Service 03 · Governance & Compliance
Regulatory, Governance & Transparency
The tax environment is increasingly defined by governance and transparency, not just rates and rules.
Boards, principals and fiduciaries are being asked to demonstrate that their tax position is not only compliant, but coherent, defensible and consistently reported across institutions, jurisdictions and regimes.
This is our practice in that space — covering tax governance, FATCA / CRS / CRS 2.0 / CARF readiness, Pillar Two and broader regulatory change management.
CRS 2.0 & Transparency Roadmap
Schema Preparation & Gap Analysis
Entity classification review, controlling person chains mapping, digital asset exposure identification, and remediation planning.
CRS 2.0 In Force
Revised XML schema governs reporting of 2026 data submitted in 2027. CARF operates alongside. Operational change bites now.
Substantive Cross-Border Exchange
First automatic cross-jurisdiction exchanges under the revised standard. High-correlation data visible to global tax authorities.
Independent Tax Governance Reviews
Tax governance is the connective layer across structuring, compliance, reporting and risk management. Without it, individual advisory outcomes remain fragile — dependent on institutional memory, informal coordination and assumptions that may not survive leadership transitions or audit scrutiny.
Tax Governance Health Check
Defined scope · 4–6 weeks · Board-ready memorandum
Targeted review of tax governance policies, documentation standards, reporting workflows and board-level reporting against current regulatory expectations and best practice.
What reviews typically surface:
- Misalignment between legal form and reporting narrative.
- Unmonitored treaty reliance or substance assumptions.
- Inconsistent reporting across custodian banks and fiduciary platforms.
- Incentive positions unsupported by current documentation.
- AI-assisted workflows operating without formal oversight.
A focused conversation, before the position is tested.
Tax governance and transparency questions reward early framing. We are accessible — a Confidential Discussion is the simplest place to start.
CRS 2.0 & CARF — The 2027 Horizon
Singapore will implement CRS 2.0 from 1 January 2027, with first exchanges in 2028 on 2027 data. CARF will operate alongside the amended CRS as a complementary regime.
A point that is often missed: while first exchanges occur in 2028, the revised XML schema governs reporting of 2026 data submitted in 2027. The operational change bites a full year before the headline date.
CRS 2.0 Readiness Diagnostic
Defined scope · 4–6 weeks · Board-ready memorandum
Targeted review of residency positions, entity classifications, controlling person chains and digital asset exposure.
Pillar Two & Regulatory Change Management
Pillar Two intersects with incentive regimes, holding structures, transfer pricing and family office platforms simultaneously. We advise on assessment, monitoring and reporting interactions — for groups, fiduciary platforms and family office structures.
Arrange a Confidential Discussion
All enquiries are handled directly by Michael Velten under strict confidentiality protocols.