Interactive panel discussion on current and future challenges in tax reporting
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 reporting for 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 complaint with regulatory requirements, manage high volumes of data, ensure data quality and embrace digitalization, whilst focusing on their core activities as financial institutions.
In our panel discussion, we discuss with tax reporting expert from financial industry about current and future challenges in tax reporting:
What are the trends you see in the area of the tax reporting?
Ronald Frey is Chief Product Officer of the RegTech product unit within Regnology and responsible for the product strategy and management of the Swiss regulatory reporting product FiRE as well as for the tax reporting products EasyTax and FiTAX. He is an expert in tax authority reporting (QI, FATCA and CRS), in tax reporting for individuals (income, wealth and capital gain) and in implementation of Regnology's tax software solutions. Ronald Frey’s focus is to drive international growth for the Swiss RegTech products.
Fabrice Chatelain has 20 years experience in providing software and services for the financial sector. He is Head of Tax Reporting at Regnology and joined the company in 2003. He overseas Regnology’s tax solutions (FiTAX, EasyTax) and is responsible for the team, software development, delivery and implementation projects. FiTAX is Regnology’s tax reporting solution covering regulatory tax reporting regimes such as QI (Qualified Intermediary), FATCA, CRS/AEOI and DAC6/MDR. EasyTax is the client tax reporting solution that helps financial institutions ease the burden of their clients’ tax filing duties.
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