Asseco ITR (International Tax Reporting)
Asseco ITR ensures compliance of financial institutions with the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) laws.
Meeting the requirement of exchanging tax information with other countries
Asseco ITR is a system that forms a part of the Asseco Integrated Analytical Platform (Asseco IAP).
Asseco ITR is a solution that provides financial institutions with the opportunity to meet legislative requirements regarding the exchange of tax information with other countries. It enables efficient identification, collection and analysis of data on all accounts that are covered by the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). Based on the information gathered, the tool generates a report necessary for tax purposes.
Key benefits
The Asseco ITR system has been designed to process and analyze the data on customers and accounts. The result is the automated preparation of periodic reports in accordance with the requirements of the Tax Ordinance.
Reporting in accordance with the regulations
Asseco ITR fully complies with the legal regulations regarding the requirement for institutions to provide information on accounts of customers who are tax residents in other countries. The flexibility of the tool and the adjustment of the system to the individual needs of the institutions facilitates and automates the reporting process which facilitates its conducting in the company and consequently, reduces costs related to process handling.
Key functionalities
Asseco Asseco ITR is a system that forms a part of the Asseco Integrated Analytical Platform (Asseco IAP), which enables effective process management in the area of Compliance.
Report according to FATCA and CRS.
Reports can be created in a test version, which allows further data verification.