AEOI Reporting

60% of Filings Submitted to ‘Early Adopter’ Tax Jurisdictions for First CRS Exchange May be Rejected

60% of Filings Submitted to ‘Early Adopter’ Tax Jurisdictions for First CRS Exchange May be Rejected

April 24, 2017, 3:00 am EDT in AEOI Reporting, Blog, News, Press Release, Press Releases

Sovos is predicting the majority of transmittals submitted by qualifying financial institutions to early adopter tax jurisdictions in the next two months may be rejected and returned for correction and resubmission. As a result, institutions may require several rounds of resubmissions before their data is accepted.The majority of transmittals submitted...

Large Challenges await Financial Institutions: An Interview with Corinna Hedtke, Standard Chartered Bank

Large Challenges Await Financial Institutions: An Interview with Corinna Hedtke, Standard Chartered Bank

April 5, 2017, 8:00 am EDT in AEOI Reporting, Blog

Financial institutions (FIs) will face major challenges when preparing for the Common Reporting Standard (CRS). Among the most significant of these will be compiling and organizing their data at the risk of failing to achieve compliance and suffering from damaged reputations.According to Corinna Hedtke, Senior Manager for Client Tax...

ZEDRA turns to Sovos to Automate Multi-Jurisdiction AEOI Tax Reporting

ZEDRA turns to Sovos to Automate Multi-Jurisdiction AEOI Tax Reporting

March 22, 2017, 3:00 am EDT in AEOI Reporting, Blog

ZEDRA, a fast growing trust, corporate and fund service provider, has turned to Sovos to help file tax reports in multiple jurisdictions.The company must file tax reports in ten jurisdictions before the end of the 2017 Tax Reporting season. Based on its first FATCA filing experience, ZEDRA recognised that its...

ZEDRA Signs Sovos to Automate Multi-Jurisdiction AEOI Tax Reporting

March 20, 2017, 4:00 am EDT in AEOI Reporting, News, Press Releases

20 March 2017: ZEDRA, the independent global fund specialist in Trust, Corporate and Fund services is pleased to announce it has placed an order with global tax compliance software leader Sovos for its AEOI Reporting solution. Once implemented, the solution will help ZEDRA meet the demands of its tax compliance...

Automatic Exchange of Information (AEOI) Updates

AEOI Updates: Feb. 4 – Feb. 22

February 24, 2017, 9:22 am EDT in AEOI Reporting, Blog

Automatic Exchange of Information (AEOI) legislation is constantly evolving worldwide as the standard is rolled out around the world. The Sovos research team continually monitors new regulations and updates across the globe and publishes them in our Taxport Compass tool. Here are some important changes that occurred in recent weeks: Ukraine...

Automatic Exchange of Information (AEOI) Updates

AEOI Updates: Jan. 21 – Feb. 3

February 3, 2017, 9:18 am EDT in AEOI Reporting, Blog

Automatic Exchange of Information (AEOI) legislation is constantly evolving worldwide as the standard is rolled out around the world. The Sovos research team continually monitors new regulations and updates across the globe and publishes them in our Taxport Compass tool. Here are some important changes that occurred in recent weeks: Several...