The AEOI reporting solution from Giant Software allows your tax authority to be fully compliant with OECD and FATCA standards
AEOI Reporting Solution for Tax Jurisdictions
Giant Software has created a global AEOI (Automatic Exchange of Information) reporting tool for tax jurisdictions allowing your tax authority to be fully compliant with OECD and FATCA standards.
The solution comprising both a public facing web application and an internal web application for processing submissions, which fulfil all the requirements of the OECD’s global standard. The public facing website collects submitted data with the integrity and security expected by an international financial institution. When the jurisdiction decides to forward the information from the Financial Institutions, the return is packaged by the internal application, digitally signed, and securely transmitted.
The solution has now been formally assessed as “compliant” by the OECD’s Global Forum on Tax Transparency and Exchange of Information. This is the highest possible rating and means that your jurisdiction will join a very small number of jurisdictions which have been found fully to meet every aspect of the international standard.
Key Features
OECD awards Jersey highest rating available for tax cooperation
The Jersey tax authority using Giant Software’s AEOI solution has received the highest rating available in an assessment of its practical implementation of the Common Reporting Standard (CRS) in a report published.