New Integrated Solution for CRS Reporting

 
Source: 
Arctan Analytics Pte Ltd
Tuesday, 17 April, 2018

Arctan Analytics Pte Ltd is proud to announce the launch of their new solution for CRS Reporting. CRSNOW.pro is a cloud-based integrated solution that helps financial institutions collect, manage and report with ease information about individuals, organisations and account holders to ensure a smooth CRS compliance process.

 

Singapore first CRS reporting deadline is fast approaching. Now is the time to get equipped with the solution that will help you comply on time. CRSNOW.pro improves overall data quality by validating user input for accuracy and completeness and generate XML files in compliance with your jurisdiction requirements.

 

About CRS Reporting

The Common Reporting Standard (CRS) is an information standard for the automatic exchange of tax and financial information on a global level, which the Organisation for Economic Co-operation and Development (OECD) developed in 2014. Its purpose is to combat tax evasion. The idea was based on the USA Foreign Account Tax Compliance Act (FATCA) implementation agreements and its legal basis is the Convention on Mutual Administrative Assistance in Tax Matters. As of 2016, 83 countries had signed an agreement to implement it. CRS came into effect in Singapore on 1 January 2017 with the first reporting by Singapore financial institutions in 2018.

 

About Arctan Analytics

Arctan Analytics Pte Ltd is a professional services company based out of Singapore which provides services and solutions to drive digitalization and data science initiatives. Our team consists of business consultants and quantitative minded professionals which are dedicated to providing exceptional customer success.