Vizor AEOI - Country-by-Country Reporting Module
Vizor AEOI Country-by-Country (CbC) Reporting module allows Tax Authorities who have signed up to the G20/OECD’s Base Erosion and Profit Shifting (BEPS) framework to fight tax avoidance and meet their obligations under Action 13 of the BEPS framework. This module extends the online web portal to allow Multinational Entities (MNEs) to register on the system and file CbC Reports which are then transmitted via the Common Transmission System (CTS).
Tax Authorities who have signed up to the BEPS framework need a technical solution to meet their obligations under Action 13. A self-registration portal for MNEs is required to reduce the administrative burden on Tax Authorities. In addition, the technical solution needs extensive validation to ensure high quality and secure data exchanges.
CbC Reporting is an add-on module for the proven Vizor AEOI product. It extends the online web portal to allow MNEs to register on the system and subsequently file CbC Reports. The back-end supervision centre is used by Tax Authority staff to approve MNE registrations, transmit CbC reports to partner jurisdictions via the Common Transmission System (CTS) and to monitor compliance within the system. This module can be implemented with customers in as little as two weeks.