Address the unprecedented volume and complexity of financial reports with confidence.
The Sovos Automatic Exchange of Information (AEOI) solution offers intelligent compliance in 100+ countries.
In an unparalleled display of transparency and cooperation, governments around the world are signing agreements to automatically exchange financial information reported by key businesses – particularly financial institutions. These alliances aim to cut down on tax fraud and maximize tax revenues by helping to identify account holders who may be investing money across borders to avoid paying taxes.
Businesses are now forced to adhere to new tax reporting obligations – including FATCA (Foreign Account Tax Compliance Act), CDOT (Crown Dependencies and Overseas Territories reporting) and CRS (Common Reporting Standard) – in every country in which they conduct business, detailing account data never before shared.
Noncompliance with these agreements, collectively dubbed the Automatic Exchange of Information (AEOI), can damage your reputation and result in customer churn and fines.
Sovos delivers intelligent compliance cloud solutions that help businesses thrive as they navigate the challenges of global compliance. We enable over 4,500 clients, including nearly half of the Fortune 500, to operate with confidence in today’s dynamic regulatory environment.