Frameworks

A tax information exchange platform that simplifies financial reporting and analysis for tax authorities and the businesses they regulate.

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Frameworks: Financial Tax Reporting Software
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Community Works:  Planning Department Software

Next Generation System for Tax Authorities

Filing options to suit FI needs

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)

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

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

Secure by Design

User authentication, role-based access control, encrypted data transmission.

Subscription-Based

Subscription-Based

Delivered as a cloud service to simplify implementation and operations.

Branded Portal

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

Data Sovereignty

Available as an on-premise system to meet in-jurisdiction requirements.

PLATFORM MODULES

CRS (Common Reporting Standard)
FATCA (Foreign Account Tax Compliance Act)
Economic Substance
Exchange of Information on Request

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?

SOC 2 Type II Certified

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.