Our FATCA and QI services help financial institutions meet their US tax compliance obligations with structured support across the entire lifecycle. From initial setup and registration to ongoing operations and assurance, we offer four clearly defined service packages: Starter, Build, Run, and Assurance. The table below provides an overview — click a package to view detailed scope, deliverables, and timelines tailored to your needs.
| Package | FATCA (Model 1 & Model 2) | QI (Qualified Intermediary / US Withholding) |
|---|---|---|
| Starter |
FATCA Starter Package →
Mandatory once FFI status applies.
• Filing obligation opinion (FI/NFFE, Model 1 vs. Model 2, Non-Reporting/Annex II) • IRS registration (GIIN) & local competent-authority onboarding where required • National portal / data-sender setup (Model 1) or IDES readiness (Model 2) Goal: Ready to start compliant FATCA reporting (any jurisdiction) |
QI Start Pack →
Adoption is optional (business decision).
• QI scoping & benefits assessment • QI Agreement application; QI account setup (RO / POC) Goal: Establish governance & account for 1042 reporting/withholding |
| Build |
FATCA Build Package →
• Governance & policies (due diligence, indicia & curing, TIN handling)
• RACI & training (Front, Ops, IT, RO/Compliance) • Data model & mapping → national FATCA schema (Model 1) or Form 8966/IDES (Model 2) • End-to-end dry run (from onboarding to report file) |
QI Build Pack →
• Governance & policies (W-8/W-9, documentation, pools, rate determination)
• RACI & training (Front, Ops, IT, RO) • Data model & mapping → 1042-S / 1042; GL tie-outs • End-to-end dry run (docs → withholding → forms) |
| Run |
FATCA Run Pack →
• Annual filing (Model 1: to local authority; Model 2: Form 8966 via IDES)
• Error handling & corrections; back filings; authority liaison Goal: On-time, error-free submissions across jurisdictions |
QI Run Pack →
• Day-to-day operation (withholding, documentation upkeep)
• Year-end 1042-S / 1042 preparation & reconciliations; reclaims support Goal: Full US withholding tax & forms compliance |
| Assurance |
FATCA Voluntary Review →
Voluntary health check (process & data quality):
• Sampling (indicia, TIN campaigns, high-value reviews) • Findings & remediation plan |
QI Periodic Review (Independent) →
Mandatory Periodic Review every 3 years (+ RO certification) or pre-review check:
• Sampling & evidence • Report & certification readiness |