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AEOI Documentation

ONESOURCE accelerates the tax documentation process
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Challenges of tax documentation

Under new legislation, AEOI (FATCA & CRS) require financial institutions to solicit client data and validate tax documentation.

However, the timeframe to implement a strategy that covers CRS is too short Gathering IRS forms, including W-8 and W-9s, as well as self-certifications is a burdensome and time-consuming task prone to inaccuracies and can be intrusive to customers. 

Overcoming challenges

Thomson Reuters ONESOURCE™ AEOI Documentation simplifies and accelerates your tax documentation process. The solution facilitates the collection, validation and maintenance of tax forms and self-certifications in any jurisdiction. Implementing our automated system and self-certification process helps you increase accuracy and reduce cost, while improving audit defense and scalability.

Achieving tax documentation success

Evolving international tax regulations are challenging financial firms around the world to implement new procedures in order to maintain compliance. With Thomson Reuters ONESOURCE™, always stay one-step ahead of the ever-changing regulations so you can future-proof your reporting strategy.

What is AEOI (FATCA & CRS)

FATCA and CRS: How ready are you?

In this new era of global tax reporting, there are more regulations on tax transparency than ever. Both FATCA and CRS have a far-reaching global impact beyond the original intention of minimising offshore tax evasion and regulating financial institutions. Our survey reveals the market's readiness for global tax reporting.

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AEOI Due Diligence: Have you considered all the angles?

Financial Institutions are faced with the challenge of ensuring that due diligence processes for the automatic exchange of information (AEOI) follow a common, internationally agreed standard under CRS. For financial institutions that span multiple jurisdictions, compliance with due diligence processes become even more complex. Timelines for compliance are also fast-approaching. Have you considered the work required in documenting your due diligence processes?

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