XML REPORTING SOFTWARE for FATCA reporting
FATCA XML Reporting Software.
Connect directly to data in Microsoft Excel or Relational Databases (SQL).
Introducing XML Authority.
Learn how XML Authority can help you simplify and streamline your XML reporting.
FATCA REPORTING.
The United States Foreign Account Tax Compliance Act (FATCA) is intended to detect and deter the evasion of US tax by US persons holding money outside the US. Financial Institutions will need to report the following information on their US accounts:
- The name, address, account number and TIN of each account holder which is a specified US Person or, in the case of Passive entity accounts, the substantial US owners;
- The account balance or value at year-end; and
- Gross dividends, interest and other income paid or credited to the account.
- The aggregate number and aggregate value of account held by recalcitrant account holders at the end of the calendar year grouped as those that have US indicia, those that do not and those that are dormant.
HOW DOES IT WORK?
1. Select your reporting framework
Choose a framework from our comprehensive Schema Library or import your own schema.
2. Create your reporting template
Schemas are presented as easy to interpret forms and tables. Mandatory fields are highlighted and guidance is available throughout the schema.
You can modify the structure of the schema and remove non-mandatory fields to match the structure of your data and create a reporting template to be used across reporting periods.
3. Link Directly To Data In Excel or Relational Databases
Create Excel import templates or a set of related tables in a relational database to automate the population of data in XML Authority.
4. Validate to ensure acceptance of submission
XML Authority’s interactive validation messages direct you right to the cause of any data issues that could cause the rejection of a submission.
REQUEST A DEMO:
- Seeing the software operate is the best way to understand how it works.
- We can answer any questions for your specific requirements.
- Together we can assess how our solution will work for you.
iXBRL enabled report writer for reporting:
- ESMA ESEF
- UK HMRC
- Irish Revenue
- Danish Business Authority
- and many others
XBRL Reporting Software for reporting:
- EBA CRD V (COREP & FINREP)
- EIOPA Solvency II
- Single Resolution Board
- National Banking and Insurance
XBRL Reporting
XML Reporting Software for reporting:
- AIFMD
- FATCA/CRS
- Country by Country Reporting
- MiFID II
- and many others
XML AUTHORITY FEATURES
Create XML files for submission to regulators. XML Authority simplifies this process by providing a human-readable view of the data requirements as a set of annotated forms and tables.
Validate to ensure compliance with data requirements. Easily validate and resolve issues using XML Authority’s interactive validation messages designed to take you right to the cause of any data quality issues.
Automate to save time and reduce errors by importing from XML Authority generated Microsoft Excel import templates or linking to relational databases.
Generate XML instances for submission to your supervisor’s submission gateway in order to fulfil your reporting obligations.