Tax Reporting 2020 - trend forecasting and preparing for future challenges

Interactive panel discussion on current and future challenges in tax reporting

In light of regulations such as the Automatic Exchange of Information (AEoI) based on the OECD’s Common Reporting Standard (CRS), the Foreign Account Tax Compliance Act (FATCA) and its Intergovernmental Agreements (IGA1 and IGA2), QI reporting for financial intermediaries or the new directive for mandatory disclosure rules (DAC6), financial institutions are facing the major challenge of having to fulfill the tax authorities’ constantly changing requirements concerning reporting standards. Financial institutions must address the challenges of being complaint with regulatory requirements, manage high volumes of data, ensure data quality and embrace digitalization, whilst focusing on their core activities as financial institutions.

In our panel discussion, we discuss with tax reporting expert from financial industry about current and future challenges in tax reporting:

• What key operational challenges are you facing in your organization regarding tax reporting?
• Since regulations are always changing, how do you ensure your systems are always up to date?
• What are the most important features a tax reporting technology should offer?
• Regarding the new DAC6 / MDR regulation: What do you consider as the key challenges and how do you plan to handle them?

• What are the trends you see in the area of the tax reporting?