Other Services

At TPS, we provide our clients with the necessary assistance for compliance with tax obligations, including those related to Tax Havens. We can provide assistance related the obligations established by various governments in relation to the documentation of transactions performed with people or entities residing in a Tax Haven, such as the 37th clause of Spain’s Corporate Income Tax Regulation. Our services include: 

• The analysis and documentation of the transactions performed with people or entities residing in Tax Havens, in order to minimize the tax risks and align the declared information with other declarations made by the company. 
• Assessment in the management of tax risks related to Tax Havens, and the implementation of policies and procedures to avoid fiscal contingencies in the future. 
• Constant monitoring of the fiscal guidelines and their evolution in relation to Tax Havens, guaranteeing that our clients are always up-to-date with their tax obligations.

At TPS, our objective is to help our clients fulfill their fiscal obligations in an effective manner, while minimizing the risks arising from having operations involving Tax Havens, guaranteeing a responsible and ethical financial management.

TPS offers assessment services for financial entities that need to comply with the EBA guidelines for internal governance purposes and the management of conflicts of interest in operations with related parties. Our experts work with our clients to implement policies and appropriate procedures that comply with the EBA requirements and reduce the default risk. 

• The latest updates of the EBA Guidelines about internal governance, take into account the amendments introduced by the fifth Capital requirements Directive (CRD V) and the Investment Firms Directive (IDFD), requiring financial institutions to have solid and effective governance arrangements, including the management of conflicts of interest for loans and other transactions with the members of the board and their related parts. 
• The revised Guidelines establish a more specific and solid framework with respect to loans for board members and their related parties, acknowledging that these loans can constitute a conflict of interest. Similarly, we provide orientation to manage other transactions with members of the board and their related parties. 
• The EBA guidelines, based on the 74th clause from the Directive 2013/36/EU, look to harmonize the arrangements, processes and mechanisms of governance of the EU financial entities. The guidelines will apply to the relevant authorities and to financial institutions at an individual and consolidated level. The reviewed guidelines entered into force December 31st, 2021.

At TPS, we provide comfort ensuring that the valuation of the related party transactions are adequately documented, so we provide clear and precise reports to regulators and other interested parties. Moreover, we offer specific assessment in the management of loans to the members of the boards and their related parties, with the objective of minimizing conflicts of interest and guaranteeing an adequate management of these transactions.

TPS offers technology consulting services for managing TP issues with the objective of helping our clients improve their internal systems and use the software platforms of their organization in a more efficient way. Technology is a key tool in reducing the risk of error and optimizing the traceability of transactions with related and third parties, which allows our clients to focus on tasks with a greater value add. 

Moreover, we evaluate the set-up of the financial system/ERP of our clients to implement a TP policy. This is essential to ensuring that the system is set to manage the level of detail required to apply the TP policies correctly.  At TPS, we ensure that your firm is prepared to implement any TP policy that you choose, and we offer solutions adapted to your business and your technology. 

Our services include the evaluation of ERP systems, identification of possible gaps in the configuration, and customization to adapt the system to the specific needs based on your TP policies. We can also help with the implementation of technological tools, such as software automatization and the management of the TP documentation and of fiscal risks, to guarantee compliance with regulations and mitigate the risk in the TP process. 

At TPS, we are committed to innovation and technology applied to TP to help our clients be up-to-date with the latest trends and practices in the market.