Multi Data Exchange Solution | CRS & FATCA Software

Multi Data Exchange Solution (MDES)

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MDES is the only true full-service data exchange package for Tax Authorities

A key aspect of global cooperation between countries and tax authorities is data sharing in the fight against tax evasion. It is crucial that the technical solutions implemented by Tax Authorities to exchange data meets all requirements of the organisations imposing the new cooperation regulations, like the IRS and the OECD.

The Multi Data Exchange Solution (MDES) is the only true full-service package for Tax Authorities on the market today. With the Multi Data Exchange Solution, countries are prepared for the future and able to comply quickly with the complex international data exchange requirements.

 


Benefits

  • Complete – A full package for Tax Authorities to adequately manage the full AEOI process for FATCA, CRS and other treaties.
  • Compliance – Be in full compliance with complex rules across multiple partner jurisdictions now and in the future. The MDES provides the right tools to monitor FFI compliance with the reporting requirements.
  • Efficient – Minimal implementation and operational footprint on the organization, leaves time for core business.
  • Pricing – MDES is a manageable cost effective solution with different pricing options (fixed versus variable) and contains no surprises compared to built-in-house solutions.
  • Time – MDES can be implemented and live within weeks to meet all stringent deadlines.
  • Service – MDES enables Tax Authorities to give world-class service to all their FFIs and help them comply with the complex data exchange of all their customer’s accounts.


Features

  • 24/7 availability through web portal
  • Tax Authority’s and FFI’s reporting administration covered
  • Full audit trail and history tracking built in
  • Out-of-the-box support for fully automated alerts/notifications processing
  • Built in compliance tracking tools set (dashboard, overviews, reports)
  • Expandable modular design for data exchange not limited to FATCA and CRS (for example EUSD)
  • Modern web application with fully customizable look’n’feel
  • Supports manual entry,file (XML, CSV) and/or system-to-system support
  • Self-service external user management
  • Multiple XML schema versions support (past-present-future)
  • System-to-system communication with multiple partner jurisdiction’s services and external local registries compatible

Developed especially for Tax Authorities

This solution is developed from the viewpoint of a Tax Authority and built around an optimized data sharing process with a minimal footprint on the organization. It supports tax officials in gathering information, sorting it and sharing it with the appropriate countries.

Operational within weeks

The Multi Data Exchange Solution is designed to operate in a near-full automatic mode within weeks, with minimal training and useful user documentation.

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Learn More

Tax authorities get a global grip on tax evaders

In the MDES implementation process in Curaçao, BearingPoint is working closely with both the Curaçao and Dutch Tax Authorities. Two Dutch experts, who are involved in the process, wrote a comprehensive article on the benefits, challenges and best practices on implementing of Automatic Exchange of Information.
Get more insight now!

English version
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Dutch version
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International Data Exchange for Tax Purposes – Fact SheetFact sheet What is the aim of International Data Exchange for Tax Purposes? What are the most important agreements? Who… Read More → Het bericht International Data Exchange for Tax Purposes – Fact She Read more »

Tax authorities get a global grip on tax evadersInternational data exchange – a norm In the strife against tax avoidance and tax evasion the automatic exchange of fiscal… Read More → Het bericht Tax authorities get a global grip on tax evaders vers Read more »

OECD Secretary General Report to G20OECD Secretary General has issued an updated progress report to the G20 Finance Ministers by the Global Forum on Transparency… Read More → Het bericht OECD Secretary General Report to G20 verscheen ee Read more »

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