In light of regulations such as the Automatic Exchange of Information (AEoI) based on the OECD’s Common Reporting Standard (CRS), the Foreign Account Tax Compliance Act (FATCA) and its Intergovernmental Agreements (IGA1 and IGA2), QI reportingfor financial intermediaries or the new directive for mandatory disclosure rules (DAC6), financial institutions are facing the major challenge of having to fulfill the tax authorities’ constantly changing requirements concerning reporting standards. Financial institutions must address the challenges of being compliant with regulatory requirements, manage high volumes of data, ensure data quality and embrace digitalization, whilst focusing on their core activities as financial institutions.
The Key Take-Aways
The reporting context: global tax transparency and tax initiatives
The relevance of tax reporting automation
Best operating models and trends to fulfil reporting requirements from a deployment perspective: Outsource, build, buy or SaaS
Trends and next steps in tax reporting: Facing new DAC6 challenges
The Webinar Panel
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This Webinar is in Partnership with
BearingPoint RegTech, a leading international provider of innovative regulatory and risk technology solutions (RegTech & RiskTech) and services along the Regulatory Value Chain for FS. BearingPoint's FiTAX, a standard software for financial institutions to produce tax reports required by tax authorities, was awarded "Best Solution-Tax Reporting" at the Regulation Asia Awards for Excellence 2018.
Learn more about their solutions here: https://www.reg.tech/en/our-solutions/banks-other-financial-institutions/fitax-tax-reporting/