Ishwari More
George Town, Cayman Islands
Summary
Experienced tax compliance professional specializing in AEOI frameworks, including FATCA, CRS, Economic Substance, Country by Country Reporting, and VAT. Skilled in AML/KYC due diligence and validating tax forms for investment funds, trusts, and non-financial entities across key tax havens like the Cayman Islands, Bahamas, Bermuda, and BVI.
Proven expertise in managing global FATCA/CRS reporting, optimizing tax processes, and ensuring compliance with international tax regulations. Strong background in internal controls, cross-border regulatory coordination, and liaising with tax authorities. Experienced in providing tax advisory services, managing client relationships, and collaborating with Big 4 firms to maintain robust compliance frameworks in the asset management sector.
Overview
5
5
years of professional experience
Work History
Senior Tax Associate - Advisory
KPMG LLP
02.2023 - Current
- Due Diligence & Compliance Review: Conducted comprehensive due diligence reviews for a diverse portfolio of entities, including trusts, investment funds, and corporate structures, ensuring compliance with regulatory standards and tax requirements in multiple jurisdictions.
- Research & Regulatory Analysis: Led research efforts on global tax regulations, including FATCA, CRS, and CBCR, ensuring accurate interpretation and application of the latest guidance. Maintained consistent correspondence with tax authorities to address inquiries and facilitate compliance.
- Tax Form Preparation and GIIN registration: Prepared and filed various U.S. tax forms, such as Form SS-4 (Application for Employer Identification Number) and Form 8832 (Entity Classification Election), ensuring timely and accurate submissions in line with IRS guidelines. Assisted bunch of investment entities for registration of GIIN on IRS GIIN portal.
- FATCA/CRS Compliance Reporting: y job role was focused more on FATCA and CRS reporting for multiple jurisdictions, including the Cayman Islands, British Virgin Islands (BVI), Bermuda, and Luxembourg. Ensured that financial institutions and entities met their reporting obligations under international tax standards.
- Economic Substance Compliance: Assisted clients in meeting the Economic Substance requirements for entities in the Cayman Islands, BVI, and Bahamas including drafting and submitting annual economic substance declarations to local tax authorities.
- Tax Compliance & Advisory: Provided tax compliance services to trusts, investment funds, and companies, advising on the necessary steps to meet local and international tax reporting obligations. Worked closely with clients to ensure alignment with tax laws and financial regulations.
- ASC 740 Review: Assisted with the review of ASC 740 tax memos, ensuring appropriate accounting for income taxes and the proper disclosure of uncertain tax positions in financial statements.
- Fund Restructuring & Tax Planning: Supported clients in the restructuring of investment funds for tax efficiency purposes in the BVI, Bermuda, Bahamas and Cayman Islands. Provided advisory on optimizing fund structures to minimize tax exposure and maximize compliance with both local and international tax regulations.
- Entity Classification for FATCA/CRS and Economic Substance Reporting: Conducted detailed classification of entities under FATCA and CRS frameworks, ensuring that all entities were correctly identified as Financial Institutions, Non-Financial Foreign Entities (NFFEs) for FATCA and CRS purposes. Additionally, also worked closely with clients for Economic Substance classification and review financial statements for analysis of appropriate relevant activity conducted.
- VAT Invoice Review: Conducted thorough reviews of VAT invoices to ensure compliance with Bahamian VAT regulations. Ensured that all invoices were accurately prepared, containing the necessary details such as VAT registration numbers, tax rates, and appropriate VAT charges.
- VAT Return Filings: Managed the preparation and filing of VAT returns in accordance with Bahamian VAT laws. Ensured all returns were filed timely and accurately, reflecting the correct input and output tax calculations, as well as addressing any issues or discrepancies that arose during the filing process.
Tax Analyst
PineBridge Investments Capital India Private Limited
04.2021 - 01.2023
- Transition of AEOI Reporting and Tax Compliance Processes: Led the successful transition of critical tax reporting functions, including AEOI (Automatic Exchange of Information) reporting, FATCA and CRS tax form validation, and re-solicitation tasks, from external vendors to the in-house team. Designed and implemented internal processes and controls to ensure seamless compliance with AEOI, FATCA, and CRS regulations.
- Entity Classification & Registration: Managed the entity classification process for new investment funds and entities, ensuring accurate FATCA and CRS classifications (e.g., Financial Institution, Non-Financial Foreign Entity) in line with global tax reporting requirements. Oversaw GIIN (Global Intermediary Identification Number) registration and de-registration on the IRS portal.
- Jurisdictional Registration/Deactivation: Administered the registration and deactivation of entities on various local jurisdiction portals, including those in the Cayman Islands, Bermuda, Singapore, and UAE. Ensured compliance with each jurisdiction’s FATCA and CRS registration requirements.
- WP/RO Certification: Coordinated the WP (Withholding Foreign Partnership)/RO (Registered Owner) Certification process, ensuring that entities met withholding tax and reporting obligations under U.S. tax laws.
- FATCA-CRS Process Enhancement & Vendor Management: Spearheaded the enhancement of FATCA-CRS processes, onboarding and managing multiple vendors to meet the global requirements for FATCA and CRS compliance. Streamlined data collection, validation, and reporting procedures to enhance efficiency and accuracy.
- Global FATCA/CRS Reporting Management: Managed the team responsible for overseeing global FATCA/CRS reporting for the organization, ensuring timely and accurate submissions to tax authorities worldwide. Established and maintained internal control processes to safeguard compliance and reporting integrity.
- Tax Reporting for Sub-Funds & Entities in India: Ensured that the tax reporting obligations for all sub-funds and operating entities in India were met, overseeing the preparation and submission of tax filings. Managed inquiries and supported local tax audits conducted by Indian tax authorities, providing timely responses and resolutions.
- Vendor Onboarding & Advisory Support: Led the onboarding of Big 4 advisory firms and other external vendors to support the global tax compliance platform. Worked closely with advisors to ensure alignment with global tax laws, identify process improvements, and mitigate risks.
- Payment Processing for Sales & CRT Taxes: Supported the team in processing payments for NY CRT (New York City Commercial Rent Tax) and sales tax, ensuring timely and accurate disbursements in compliance with local tax requirements.
FATCA-CRS Analyst
CLSA Technology & Services LLP
11.2019 - 04.2021
- Preparation and review of tax declarations, due diligence and reasonableness tests
- First level and independent assessment of fund structures and investor scenarios
- Supporting the internal audits and external / regulatory inspections
- Enabling the client to help determine the requirement to be compliant for FATCA and CRS reporting and Chapter 3 based on the information provided on form W-8/W-9 and Self-Certification
- Researching on IGA's, tax treaties, specific requirements for FATCA/CRS reporting
- Analyze the fund structures to detect indicators of tax evasion.
Education
Certified FATCA Professional -
V - Skills
01.2022
Masters in Commerce -
Symbiosis College of Arts And Commerce
India04.2021
Bachelors in Commerce -
Symbiosis College of Arts And Commerce
India04.2019
Skills
- Communication skills
- Ability to Work Under Pressure
- Microsoft Office
- Tax-related research
- Good team player
Languages
English
German
Hindi
Marathi
Timeline
Senior Tax Associate - Advisory
KPMG LLP
02.2023 - Current
Tax Analyst
PineBridge Investments Capital India Private Limited
04.2021 - 01.2023
FATCA-CRS Analyst
CLSA Technology & Services LLP
11.2019 - 04.2021
Certified FATCA Professional -
V - Skills
Masters in Commerce -
Symbiosis College of Arts And Commerce
Bachelors in Commerce -
Symbiosis College of Arts And Commerce
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