How to successfully manage operational challenges arising from DAC6/MDR
Learn more about our software solution FiTAX
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?