BRP TAX SA
Cross-border Tax solutions
for private banking & Wealth Management
WHO ARE WE
YOUR ONE-STOP SHOP FOR COMPREHENSIVE TAX SOLUTIONS
BRP Tax is a subsidiary company of BRP Bizzozero & Partners SA
Our goal is to assist private banks, wealth managers and trustees to meet their challenges in the field of worldwide client taxation. BRP Tax products and services cover all activities connected with taxation in the context of private wealth management. With Cross-border Country Manuals Tax, a 360-degrees, trans-disciplinary approach is applied to the Taxation of Financial Instruments including Tax Suitability Ratings by asset class for cross-border investment services. Besides, the Monitoring of Tax Risks tool addresses Tax Compliance requirements for financial institutions
COUNTRY MANUALS TAX
Tax Suitability Solution
for an Efficient Portfolio Management
mONITORING OF TAX RISKS
Tax Compliance Tool
for Regulatory Requirements
Assistance, Training & Review
Tax Expertise
for your Risk Approach
Country manuals tax
Overview of Tax regulations for Private Banking professionals’ cross-border investment services
The aim is to consider the tax impact of financial investments within the framework of a discretionary management (or advisory) mandate, mitigating the Commercial and Civil Risks
None of our Manuals should be taken as tax advice
Countries covered
Country Manuals Tax
Current Manuals available
Tax Investment Manuals TIM
- Tax Investment Manuals (TIMs) offer practical guidance on the basic Tax principles of a Target Country (country of residency of the Private investor). Their scope is Personal Income Tax on financial assets in cross-border accounts. Further TIMs aim to identify financial products taxed at punitive rates on the basis of a detailed analysis focused on suitable asset classes (11 categories including crypto assets) and tax ratings according to the country of tax residence or the special tax status of the Private investor
- TIMs include crucial information designed to assist Financial Institutions in the allocation of investment portfolios though the principles of taxation (Tax residency, Income Tax, Wealth tax, Exit Tax, Specific tax status, Inheritance & gift tax, General anti-avoidance rules, CFC rules, UBO register, Blacklists, Currency control, Financial transaction tax)
Tax Memorandum (Memo)
- Tax Memos provide tax analysis by country on specific tax topics such as Cross-Border loans (Withholding taxation on Interest and other duties and definition of Permanent Establishment), Inheritance Practical Guides or Special Tax Regimes
Private Equity Manuals (PEM)
- BRP Tax PEMs are focused on Private Equity Investment Offerings
- The PEM assists Financial Institutions to select private equity vehicles that are fiscally suitable for the country of residence of their High Net Worth individual (HNWI) clients
- Each PEM is focused on the 4 common issuer countries (LU, IR, LI, KY) with each existing legal structure
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Monitoring of Tax Risks
MTR (Monitoring of Tax Risks) by BRP Tax is a unique Tax Compliance tool with a country-by-country approach that assists financial institutions in managing risks connected to their clients’ tax obligations and assists with decision-making in the context of Swiss/ Luxembourg obligations to combat money laundering
MTR is a compliant tool as per FINMA/CSSF audit risk approach. It has a country-by-country approach on crucial tax information for more than 187 jurisdictions
MTR eases the due-diligence analysis for onboarding and remediation by providing crucial tax information, key indicators, tax and legal core framework by country
The MTR section on structures encompasses regulatory requirements for clarifications when onboarding complex structures. Notably tax transparency rules and anti-avoidance rules are included
The “risk-based” approach on structures allows legal / compliance / risk officers to perform tax due diligence of entities and mitigate Bank risks in a systematic mannercontains detailed rules for monitoring as per Article 21 OBA-FINMA / Circular CSSF 17/650
BRP Tax provides implementation support and an after-sale help desk
TAX TEAM
Potet Romain
Romain Potet is a Swiss certified Tax expert. He holds a Master's degree in Engineering with a postgraduate MBA
Over the last decade, he held multiple positions in the banking industry, where Romain’s client-oriented approach met with much success. He developed hard tax-based skills in a changing cross-border environment by implementing practical solutions to major tax-related issues that arose within the private banking sector. If international tax suitability and new tax transparency regulations are the key challenges of his activities, the digital transformation of the tax function has created a new playing field
Romain was appointed CEO of BRP Tax with effect from 1 January 2019
Favre Jean-Marc
Jean-Marc Favre is a Swiss Chartered Public Accountant with a degree from the Faculty of Business and Economics (HEC) of the University of Lausanne
Jean-Marc Favre has over 30 years of experience in financial audit and first-hand experience of operational and technical issues connected with taxation. He began his career with one of the ‘Big Four’, and later worked for financial institutions in Switzerland
Marquez Palgi Alexandra
Alexandra Marquez Palgi is a Spanish-qualified lawyer and holds a Diploma in Business Administration from the ICADE Business School (integral part of the Faculty of Economics and Business Administration at Comillas Pontificial University Madrid, Spain)
Alexandra is a step member. She has over 18 years’ experience working in the Wealth, Tax and Legal departments of several prestigious banks in Switzerland and in the USA, focusing on Spain and many LATAM countries. She is a specialist in the field of taxation of financial products
Alexandra joined BRP Tax in September 2019 as Director and Senior Tax Lawyer
Genovese Daniele
Holder of a Master of Science in Economics from the University of Geneva
Daniele started his career in a financial institution as a Trading Support Specialist before joining the Tax Operation Department of a Private Bank in Switzerland. There, he spent several years developing his skills in various tax and regulatory topics
Assistance
& Training
Our Clients benefit from ongoing support through legal and tax experts
BRP Tax provides pragmatic consulting services, e.g. product term sheet analysis, Screening of ISINs, tax Memorandums on request amongst other services. BRP Tax also delivers constructive training programs, e.g. face-to-face training on various subjects as tax compliance due-diligence or taxation on financial instruments
Topics covered range from cross-border activities to a variety of matters of Swiss tax regulation. BRP Tax offers both standardized and tailor-made trainings
SAQ-certified courses
Webinars & in Person
MANDATE
Tax analysis upon request