Frameworks
A tax information exchange platform that simplifies financial reporting and analysis for tax authorities and the businesses they regulate.
Next Generation System for Tax Authorities
Filing options to suit FI needs
Financial Institutions can self-register and electronically submit financial account information filings and amendments via their online portal. Options for intuitive smart forms or bulk uploads (XML and CSV) offer FIs flexibility to meet their needs.
International Standards (AEOI)
Submissions are based on international standards ensuring transparency and ease of cooperation between competent authorities. Reporting obligations of Tax Authorities and compliance monitoring are simplified.
Intelligent Automation
Manual processes are digitized and automated using smart-workflow applications with integrated validations for intelligent processing of the submissions.
Customizable Platform
Accommodates tax authority’s business rules, local jurisdictional laws and international regulations.
Secure by Design
User authentication, role-based access control, encrypted data transmission.
Subscription-Based
Delivered as a cloud service to simplify implementation and operations.
Branded Portal
A customized user experience that reflects your brand, engaging all stakeholders in one place with the right information at any time.
Data Sovereignty
Available as an on-premise system to meet in-jurisdiction requirements.
PLATFORM MODULES
CRS (Common Reporting Standard)
Secure online platform to exchange financial account information utilizing sophisticated smart forms with integrated validation rules allowing individual as well as bulk submissions of CRS Tax Returns, Filing Declarations and Compliance reporting.
FATCA (Foreign Account Tax Compliance Act)
Secure online platform to exchange financial account information utilizing sophisticated smart forms with integrated validation rules allowing individual as well as bulk submissions of FATCA Tax Returns.
Economic Substance
Ability to submit Economic Substance filings electronically utilizing sophisticated smart forms with auto-validation of company information across government systems. Bespoke customization to match in-jurisdiction laws and regulations.
Exchange of Information on Request
Ability to securely transfer tax exchange information electronically between competent authorities of partner jurisdictions.
CRS (Common Reporting Standard)
Secure online platform to exchange financial account information utilizing sophisticated smart forms with integrated validation rules allowing individual as well as bulk submissions of CRS Tax Returns, Filing Declarations and Compliance reporting.
FATCA (Foreign Account Tax Compliance Act)
Secure online platform to exchange financial account information utilizing sophisticated smart forms with integrated validation rules allowing individual as well as bulk submissions of FATCA Tax Returns.
Economic Substance
Ability to submit Economic Substance filings electronically utilizing sophisticated smart forms with auto-validation of company information across government systems. Bespoke customization to match in-jurisdiction laws and regulations.
Exchange of Information on Request
Ability to securely transfer tax exchange information electronically between competent authorities of partner jurisdictions.
Benefits of Frameworks
Secure Your Data
- SOC2 Type 2 compliant
- Encrypted document delivery
- Data encrypted in transit and at rest
- Integrated authentication and authorization
- Optional data sovereignty
Simplify Compliance
- ‘Always On’ online convenience
- Automated validations
- Automated notifications
- Pre-defined triggers for processing rules
- Compliance alerts
Create better user experiences
- Optimized for staff engagement
- Proven rapid user adoption
- Optional shared services with other government departments
- Curated CX for financial institutions
Future-Proof your Operations
- Compliant with international standards for AEOI
- Robust platform functionality
- Extensible to support your digital roadmap
- Flexible to accommodate regulatory changes
Are you looking for a partner to drive digital transformation?
BIC’s SOC 2 Type II certification and compliance with Data Protection regulations are reflective of our commitment to earning trust in our services by proving our competencies.