New Strategic Alliance: ParPal Abogados and Trans World Compliance
[Bogotá, March 5 2024] - We are pleased to announce a new strategic alliance between ParPal Abogados and Trans World Compliance, with the objective of strengthening legal and practical compliance with CRS (Common Reporting Standard) and FATCA (Foreign Account Tax Compliance Act) in Colombia.
The main objective of this partnership is to facilitate the efficient compliance of these formal obligations to financial institutions subject to these reports, such as insurance companies, banks, compensation funds, savings cooperatives, stockbrokers, trusts, employee funds, pension and severance funds, among others.
CRS and FATCA compliance is of utmost importance to avoid penalties from the Colombian Tax and Customs Directorate (DIAN) and the U.S. Internal Revenue Service (IRS), and our alliance is designed to provide effective and simple solutions for these financial institutions.
Both firms, ParPal Abogados and Trans World Compliance, have extensive experience and expertise in tax and legal matters, ensuring high quality service and reliability for our clients.
We are excited to join forces to provide financial institutions in Colombia with the necessary tools to comply with international financial and tax reporting regulations, ensuring compliance and avoiding potential negative consequences.
For more information on how our alliance can benefit your financial institution, we invite you to learn more about our services at the following links: www.parpalabogados.com and www.transworldcompliance.com.
