Tax information exchange

crs.fatcaSPERT

Automatic exchange of tax information

The crs.fatcaSPERT system is designed for financial sector institutions. It comprehensively supports the automatic exchange of tax information with other countries, such as: European Union member states and countries that have adopted the CRS standard, as well as the United States of America.

Obligations of financial institutions

  • Regarding CRS – collecting and recording all documentation required for fulfilling obligations, particularly account holder declarations and documentary evidence, as well as maintaining a register of activities undertaken to fulfil these obligations.

  • Regarding FATCA – identification and classification of reportable persons and identification of reportable accounts, along with the transmission of information concerning reportable persons to the Polish financial administration.

Benefits

  • Guarantee of compliance of the implemented system with FATCA and CRS agreement requirements
  • Minimisation of labour intensity associated with fulfilling verification and reporting obligations.
  • Automation of the client classification process and the ability to view, verify, and correct classification results, as well as adding notes and comments.
  • Generation of outcome reports in the required format for the regulator and internal reports.
  • Ability to cooperate with various databases, accessible via a web browser.
  • High level of data security.