Given the growing pressure on your clients to be tax transparent in their home countries, you need to meet their increasing demands for fiscal reports. This allows clients to easily file their tax returns with the relevant information on income from interest and dividends and capital gains on wealth. While producing on-shore reports is a standard service for banks, producing off-shore reports can be a challenge.

We can help with EasyTax, which covers 20 individual jurisdictions and is successfully used in-house and in outsourcing setups by more than 80 financial institutions in multiple countries.

Many countries, such as Germany, Austria, Belgium, France and Spain, have started to introduce taxation at source (withholding tax). As we have implemented the requirements of the Swiss final withholding tax agreements with the United Kingdom and Austria, you can now use EasyTax to calculate tax at source as part of the end-of-day processing for that type of agreements. After the calculation, tax booking records are transmitted to the bank’s core system. BearingPoint has extended EasyTax to include on-shore tax calculation, booking and authority reporting capabilities.

As part of our standard maintenance service, we provide updates in line with changing taxation laws backed up by Big 4 taxation concepts. With several releases during the year, you will receive timely updates to ensure continuous alignment with tax calculation rules.