International Tax-Data Exchange
Reporting Systems
Automated information exchange (AIE) provides systematic notification of specified information about the residents of contractual countries to the relevant authority of member state or relevant authority of contractual country without previous request and in previously specified time intervals. Information systems of Asseco Central Europe help government authorities to meet the obligations with regard to the following international treaties: FATCA, MOSS, DAC1, DAC2 and CRS and DAC4 and CbCR.
FATCA (The Foreign Account Tax Complience Act)
Information system of Asseco CE carries out the bidirectional information exchange within FATCA between USA and Slovak republic about bank accounts of both natural and juridical persons. Based on this international treaty, which aims to prevent tax evasion from funds on foreign accounts, financial institutions provide data about tax-payers.
MOSS (Mini One Stop Shop)
This relates to administration of VAT in providing selected types of electronic services within EU countries. MOSS module from Asseco CE allows taxable entities to select just one country within the EU, where the company will be filing tax returns for all countries, where it runs its business activities. MOSS system ensures that the countries will reconcile the information and collection of taxes.
DAC1 (Directive on Administrative Cooperation)
Asseco’s information system helps to exchange data among EU member states about the revenues resulting from real estate lease, pension benefits, royalties, employment income and life insurance products.
DAC2 a CRS (Common Reporting Standard)
DAC2 module provides information exchange about financial accounts abroad based on multilateral agreement among EU countries and in case of CRS module, based on multilateral agreement among OECD countries.
DAC4 a CbCR (Country by country reporting)
Asseco CE’s DAC4 a CbCR modules are tools to support obligations of Slovak republic resulting from international treaties about information exchange for international corporations with consolidated turnover of 750 000 € and more.