BRP Tax is a subsidiary company of BRP Bizzozero & Partners SA and AZEK It’s not only about compliance. It’s about your business development.
Its purpose is to help private banks and wealth managers meet the new challenges in the field of client taxation, in European countries and globally. The products and services of BRP Tax (County Manuals Tax, Monitoring of Tax Risks, training and consulting) cover all activities connected with taxation in the context of private wealth management. A 360-degrees, trans-disciplinary approach is applied to the taxation of investments with Tax Suitability Ratings by Product for cross-border investment services. The company combines expertise in legal/tax, compliance, portfolio management, banking operations and IT, in order to provide advice that is truly applicable to the workplace.
Country Manuals Tax
Our Country Manuals Tax, created especially for Wealth Managers and Asset Managers facilitate the implementation of a risk approach on financial investments.
Wealth Leaders and Wealth Architects anticipate changes in regulatory requirements and design their investment services in accordance with Product & Tax Suitability for a successful Customer Experience.
BRP Tax provides a comprehensive overview of the tax regulations and practices applying to private cross-border clients whose assets are in custody of a non-domestic bank. The aim is to take into account the tax impact of investments within the framework of a management (or advisory) mandate , mitigates the Commercial and Civil Risks and embrace the competitive challenge for this new environment.
BRP Tax digitizes the tax manuals in order to integrate tax guidance for cross-border investment services and proposes Tax Suitability Rating by Product (CFI, ISIN) with Comments and Alerts for a Full Asset Class Matrix.
The Current Country Manuals Tax available are:
Tax Investment Manuals TIM
Tax Behaviour Template Short
Private Equity Manuals PEM
Tax Withholding Matrix TWM
Bank Fees Matrix
Thanks to our digital partner Indigita, our Tax Suitability digital solution allows Financial Institutions to:
Build Tailor-made Tax Suitable Recommendation Lists by Target Market
Sort/Select Financial Products by Tax Ratings and Ban Toxic Products
Perform Suitability Tests and Risk Assessments
UK (dom + non-dom)
Africa / Middle East
Monitoring of Tax Risks
MTR is a unique Tax Compliance tool with a country by country approach that assists financial institutions in managing legal risks connected to their clients’ tax obligations and assists with decision – making in the context of Swiss / Luxembourg obligations to combat Money Laundering. It provides crucial tax information needed by Compliance Officers to identify the risks of a business relation in tax matters.
The Monitoring of Task Risks (MTR) represents the Tax Compliance Cockpit that assists Legal, Risk & Compliance Officers to perform tax due diligence and mitigate with a systematic manner the Bank risks connected to Predicate Tax Offense to Money Laundering (Art. 305bis CH CC), Onboarding of Structure and Tax Transparency Rules, Evidences of Tax Compliance and Voluntary Disclosure Programs.
In addition to the regulatory requirement of Art. 21 AMLO FINMA addressed by the current MTR, the new MTR 2021 section will encompass Art. 9a AMLO FINMA requirements for clarifications when Onboarding Structures as well as Art. 13 al. 2 let. h AMLO-FINMA requirements for Complex Structures with transaction monitoring as per Art. 15 AMLO-FINMA.
MTR Key Features
Assessing – Monitoring – Mitigating
Country-by-country key indicators: crucial tax Information for more than 170 jurisdictions
Regular Updates: countries / indicators to reflect best practices
Personal assistance: implementation support and an after-sale help desk
Digital / PDF version: tool available via direct access to the BRP platform
Compliant tool as per FINMA/CSSF audit risk approach
Enhancement of tax compliance due diligence
Developing own tax ecosystem
Training & Review
Our Clients benefit from ongoing support and consultancy through legal and tax experts. BRP tax provides pragmatic consulting services, e.g. assistance, legal tax analysis, review, UK Situs Screening for UK RND, health-check in area of tax compliance and tax suitability in order to effectively address issues with cost-efficient tailor-made solutions.
BRP tax also deliver constructive training programmes, e.g. face-to-face training, one course per tax jurisdiction covered, on tax compliance due-diligence or taxation on financial instruments.
CEO of BRP Tax
Romain is a Swiss certified tax expert. He holds a master’s degree in engineering with a postgraduate MBA. Over the last decade, he experienced multiple positions in the banking industry with a successful client-oriented approach. He developed hard tax-based skills in a changing cross-border environment by implementing practical solutions to major tax-related issues that arised 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 become a new playing field.
Romain has been appointed CEO of BRP Tax since 1st of January 2019.
Head of BRP Tax Zurich, Member of the Executive Committee
Monika holds a license to practice law, an LLM, and an LLM in international taxation as well as many other relevant diplomas. She benefits from more than twenty years of experience in the Financial industry. In her last position as Group General Counsel & Chief Risk Officer, member of the Executive Committee of an international Bank, she was in charge of all legal, tax, compliance, risk and regulatory topics. She has a proven track record as expert in Legal, Compliance, Tax and Risk, Corporate Governance and M&A’s.
Monika has been appointed Head of BRP Tax Zurich as of 1st January 2021.
Director / Senior Tax Lawyer
Alexandra is a Qualified Spanish Lawyer and holds a Diploma in Business Administration of the ICADE University of Madrid (Spain).She is a STEP member. She has over 18 years’ experience working in Wealth, Tax and Legal departments of several prestigious Banks in Switzerland and the US, focusing in Spain and many LATAM countries. She is specialist in the field of taxation of financial products.
Alexandra joined BRP Tax in September 2019 as Director /Senior Tax Lawyer.
Director / Tax Compliance Specialist
Jean-Marc is a Swiss Chartered Public Accountant, holding a degree of the Faculty of Business and Economics of Lausanne (HEC).He has over 30 years of experience in Financial audit and a first-hand experience with operational and technical issues connected with taxation. He worked first in a big four, then with financial institutions in Switzerland.
Jean-Marc joined BRP Tax in 2018 as Tax Compliance Specialist.
Caroline is a Swiss lawyer holding the LLM-Tax degree of Geneva University. After passing the bar exam in June 2011, she practiced as an associate and then as a partner from 2014 in the firm Fedele Dessimoz & Associés in Geneva and advised and assisted her clients in various procedures, notably in the fields of commercial, civil and tax law. In 2016, she obtained with distinction the LLM-Tax degree of Geneva University and decided to focus her career in the field of tax law.
Caroline joined BRP TAX in March 2019 as Tax Lawyer.