Our Vizor AEOI software fully automates the collection and exchange of all cross-border information in line with international tax standards. Our platform supports EOIR, CRS, CbCR, ETR, MDR/DAC6, Economic Substance and the IRS FATCA regime.

Across the globe, governments fighting cross-border tax evasion are adopting international standards for Automatic Exchange of Information (AEOI) like the Common Reporting Standard (CRS), the Foreign Account Tax Compliance Act (FATCA), Country-by-Country (CbC) reporting and Exchange on Tax Rulings (ETR) as set out under the Base Erosion and Profit Shifting (BEPS) initiative of the OECD.

In the last decade, the OECD reports that €107 billion in additional tax revenue was identified through offshore tax investigations, voluntary disclosure programmes and related measures.

Why Regnology for collection and exchange of information?

Comply with confidence, use data effectively and unlock insights through analysis

Automate the collection, validation, cross-border exchange, and analysis of information in line with your international AEOI commitments, using the resources you have, and stay compliant with OECD and IRS requirements. Our turnkey future-proofed software supports all forms of tax transparency including OECD Common Reporting Standard (CRS), Country-by-Country (CbC) reporting and Exchange on Tax Rulings (ETR) as set out under the Base Erosion and Profit Shifting (BEPS) initiative. It also supports Economic Substance, Exchange of information on request (EOIR), ETR, and MDR/DAC6. We are helping our customers keep pace with changes in OECD's AEOI through continuous upgrades. 

Our end-to-end software also facilitates exchange requirements under the Foreign Account Tax Compliance Act (FATCA) by helping Foreign Financial Institutions (FFIs) to meet their IRS commitments. The software is future-proofed, updating changes in IRS standards over time, ensuring that competent authorities stay compliant with international tax standards and collaborate efficiently with partner jurisdictions. Vizor AEOI solution is used worldwide, including the Bahamas and the British Virgin Islands, where more than a quarter of all global FATCA-registered financial institutions reside.

We selected Vizor (now part of Regnology) AEOI platform due to their expertise not just in the area of IT but also in international taxation obligations as well as their prior experience of working with African government authorities.

Femi Edgal, Assistant Director, The Federal Inland Revenue Service (FIRS) of Nigeria

Find out more about AEOI

  • Is the Vizor AEOI solution a good fit for my jurisdiction?

    Yes, we cover all jurisdictions. Our AEOI solution fully automates the collection and exchange of all cross-border information and is future-proofed for all updates as international tax standards evolve and are enhanced. Our experienced team has a close OECD liaison and continuously provides commentary on upcoming exchange standards. As a global leader in AEOI solutions, we support tax authorities in the global fight against tax evasion and tax avoidance in more than 19 countries, including Nigeria, Oman, The Bahamas, Panama and Gibraltar. Our software helps with compliance, providing high-quality data and analysis allowing tax authorities to make the right decisions.

  • Can I customize Vizor AEOI solution or integrate with other solutions?

    Yes, you can. While Vizor AEOI solution provides ‘out of the box’ modules which include all required forms, rules, data models and workflows to align with international tax standards we also recognise the need for flexibility. We provide API capabilities to distribute and share information in JSON/XML format with other systems and offers a managed service for the creation, customisation and configuration of new data collections, rules, reports and workflows. Further, our AEOI Analytics solution enables data collections to be pulled via ETL from the database enabling reports to be run on the data for both reporting purposes and the collation of statistics as requested by the OECD etc.

  • Should I buy an AEOI solution or build one in-house?

    When deciding on whether to buy or build an in-house software solution, you need to consider two main factors - the levels of capital and human investment both initially and into the future. Many organisations underestimate the level of investment and internal expertise required to build a bespoke system that will meet all the current and future exchange of tax information. In practice, developing an in-house software solution has been shown extremely difficult to achieve and maintain. We have built a team of domain specialists, OECD subject matter experts and industry thought leaders over the last 20 years. Our specialist technology and experience enable us to deliver projects within the agreed scope and timeframes. Every customer is assigned a dedicated project team and works closely with us in tailoring the solution to fit their specific needs. With a COTS (commercial off-the-shelf) solution, you will benefit from the experiences of other users of the same product, which helps to ensure a stable and field-tested system. In addition, the product roadmap and future improvements are collaboratively designed with all customers, reducing development and maintenance costs.

Automate the collection, validation, cross-border exchange, and analysis of information in line with your international AEOI commitments, using the resources you have. Our software automates tax data collection, validation and exchange of information process. It enables the collection of high-quality data on time and validates it against the rules of the relevant standard. With our AEOI software you can:

  • Transmit data to and receive data from tax authorities in other jurisdictions.
  • Use a dynamic web portal with a self-registration feature for financial institutions.
  • Easily set up workflows, notifications and assign tasks to users.
  • Avoid last-minute submission failures and improve submitted data quality.

Meet all your OECD and IRS commitments

Common Reporting Standard (CRS)

Self-registration portal to ease adoption for FIs. Automated exchange process with a comprehensive library of data validation for CRS. Online supervision centre to monitor compliance levels amongst the FI community.

Country by country reporting (CbCR)

Get visibility on revenue, income, tax paid and accrued, employment, capital, retained earnings, tangible assets and activities of regulated MNEs. MNE self-registration capability and validation of XML file uploads before submission to the tax authority. Export your CbC filings for transmission to the CTS.

Exchange of information on request (EOIR)

Intuitive web interface to capture EOI requests in a structured format. Powerful workflow engine to control processing and data gathering stages, including approvals and escalations. Fully secure and auditable requests with a user action, time of action and user identity associated with any processing status change. A comprehensive suite of reports supporting the management and oversight of the EOIR process.

Foreign Account Tax Compliance Act (FATCA)

Meet your all IRS commitments with a standard six week implementation time. Automatic updates to ensure compliance with AEOI standards. View the data in a readable user-friendly format, generate assessment reports and perform predictive analysis. 

Reduce costs and increase efficiency

To ensure transparency and cooperation, tax authorities need to automate manual processes so that their skilled resources are used where they are most needed. By using appropriate tax technology and automated processes, backed up with high-quality data, tax authorities can focus on efficient oversight and effective collaboration.

Efficient Tax Compliance

Automate your tax data collection, validation and exchange of information process:

  • Collect high-quality data on time and validate it against the rules of the relevant standard.
  • Transmit data to and receive data from tax authorities in other jurisdictions.
  • Dynamic web portal with a self-registration feature for financial institutions.
  • Easily set up workflows, notifications and assign tasks to users.

High-Quality Data

Avoid last-minute submission failures and improve submitted data quality:

  • Collect data in the requisite format - either XML or in customized manual format.
  • Retransmit corrected data and follow the status of corrected filings from start to end.
  • Run all collected data against a library of business rules as set out in the schema for the relevant standard prior to the data being accepted into the solution.
  • Decrypt and run the business rules against the data packets as received from treaty partners to ensure it is in the right format.

Insightful Reporting and Analytics

Use data for extensive analysis of taxpayers' details and effectively identify outliers, trends and emerging risks:

  • Analyse high-quality data filled locally and received from treaty partners.
  • View the data in a readable user-friendly format and make actionable decisions.
  • Quickly generate assessment reports and perform predictive analysis.
  • Proactively track and investigate emerging risks.

Maximise revenue collection and efficiently manage exchange of information. Talk to us.

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