Vizor AEOI provides 100% of the functionality required for effective AEOI as required in compliance with the CRS or FATCA.Find Out More
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Today, Vizor Software announced the launch of its new Country-by-Country (CbC) Reporting solution which provides a complete, secure and user-friendly solution for Tax Authorities to meet their obligations set out under Action 13 of the OECD/G20 BEPS package. The enhanced compliance checking inbuilt in the system ensures high-quality data exchanges.
CbC Reporting is an add-on module for the proven Vizor AEOI product. It extends the online web portal to allow Multinational Entities (MNEs) to register on the system and subsequently file CbC Reports. The supervisory component of the platform is then used by Tax Authority staff to approve MNE registrations, transmit CbC reports to partner jurisdictions via the Common Transmission System (CTS) and to monitor compliance within the system.
Vizor Software is already the market leader in delivering technical solutions for AEOI (CRS and FATCA) to Tax Authorities. This expertise has been refined through implementing the solution in over 10 jurisdictions across the globe and from close co-operation with the OECD.
“We are delighted to join Tax Authorities in the fight against tax avoidance which is a proven mechanism for jurisdictions to increase their revenues and promote prosperity and growth,” remarked Conor Crowley, CEO of Vizor Software. “This latest module can be implemented with customers in as little as two weeks, allowing them to rapidly meet their BEPS Action 13 obligations.”
Feature highlights of the Vizor CbC Reporting solution: