Tax Regulatory Services

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Tax Regulatory Services  - QI Services


QI compliance is becoming more complex — and more scrutinised.

Qualified Intermediaries operate in an increasingly demanding U.S. withholding and reporting environment, with rising expectations around governance, documentation, withholding accuracy, reporting quality, and compliance alongside a rapid shift toward digital reporting.

BDO Luxembourg’s Tax Regulatory Services team provides hands-on, end-to-end support to help you meet your QI obligations efficiently and confidently. Our specialists combine deep technical expertise with extensive practical experience, and we maintain regular, constructive interaction with the U.S. tax authorities to resolve issues pragmatically and reduce execution risk.

Whether you need targeted advice, additional capacity, or a fully outsourced solution, we bring the right expertise at the right time — from day-to-day compliance, reporting and operational readiness, through to gap assessments, remediation and audit support.

 

Our key areas of expertise

  • QI advisory, technical support and IRS liaison and portal management
  • Reporting services (including e-filing)
  • Compliance programme design, implementation and ongoing support
  • Outsourcing and other support for your first and second lines of defence
  • Assessment, remediation and audit support

QI Advisory services

  • Hotline and ad hoc assistance aiming to provide fast and reliable answers to QI technical queries
  • Trainings to raise awareness on QI topics (general and tailor made)
  • Drafting and review of QI policies, procedures and manuals
  • Drafting and review of the QI sections of legal documents (e.g. account opening sets)
  • Assistance with requesting QI and QDD status
  • Assistance with the QI regime (IRS Section 1441), the “Qualified Derivative Dealer” (“QDD”) 
    regime applicable to dividend equivalent payments (IRS Section 871(m)), the Publicly Traded
    Partnerships (“PTPs”) regulations (IRS Sections 1446(a) and (f))
  • Dialogue with the U.S. tax authorities (IRS)
  • Implementation of QI Compliance Program (incl. drafting and review of the procedural body, internal controls plan)
  • Guidance on QI Agreement renewal
  • Assistance for the preparation of the QI Certification (incl. QI Periodic Review Waiver request)

QI Reporting services

For the QI annual reporting (i.e. Form series 1042), our services include:

  • Assistance with reconciliation works
  • Assistance for the preparation and/or quality review of the QI reporting (e.g. Form 1042, Form 1042-S)
  • Access to an IT tool (eFire) for the preparation and submission of the QI reporting, which can be used regardless of your country of residence

For further details regarding eFIRE, please click here and you will be redirected to our specific page under Information Technology / BDO Technology.

QI Audit services

  • Performance of QI Periodic Review - Fact Finding
  • Performance of different types of QI Compliance Program reviews, e.g. Global assessment, Internal Controls review, Health Check
  • Assistance to design, implement and test QI Remediation Plan

QI Outsourcing services

  • Secondment of qualified BDO staff in your premises to review account holder / investor documentation for QI purposes as part of 1st line of defense
  • Performing internal controls of the 2nd line of defense (monitoring of compliance of the 1st line of defense and assisting in identifying risks)

Key Contacts

Sylvie Maestri

Sylvie Maestri

Partner - Tax Regulatory Services
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Robert Battison - Director Tax Regulatory Services

Robert Battison

Director - Tax Regulatory Services
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