The Oman Tax Authority meets the AEOI standard

Given the complexities in building an AEOI solution, as well as maintaining it and ensuring it complies with international standards, Oman´s tax authority made a strategic decision to partner with Regnology.

CbC reporting is an obligation that forms part of the actions set out under the OECD Base Erosion Profit Shifting (BEPS) project. It means that the OECD puts an obligation on large MNEs to submit detailed reports on certain economic indicators. These are then exchanged globally from the parent entity country to those of its subsidiaries to formulate a better view of their global operations and in particular, booking of profits for tax purposes. 

Regnology Suptech provided both a solution for technical compliance as well as the experience and subject matter expertise that the Oman Tax Authority was looking for in a platform.

The solution

The bespoke solution provides a user-friendly software platform that allows the Oman Tax Authority to meet its international tax information sharing commitments including CRS and CbC reporting. It also offers an Analytics Module enabling further data analysis, sophisticated data reporting, and actionable insights beyond the many out-of-the box features.