Tax requirements digitised
Constantly implementing new tax regulations, meeting the increasing demands of tax reporting and offering new and attractive tax services to clients are major challenges for banks.
At Confinale, we understand the complex tax requirements and provide answers. For example, during the onboarding of new banking or investment clients, how you can set the course in order to execute tax processes in the future in a legally compliant, lean and fully automated manner. Fully integrated into your IT landscape, of course.
Experienced tax-solution partner
Ever since our foundation, we have been a specialised Avaloq service partner for taxation, one of the most demanding areas in the banking sector. We implement your individual banking and country-specific requirements, including tax reporting in accordance with national and international regulations, tax statements for bank clients, and automated withholding tax relief.
We combine our deep tax expertise with our technical knowledge to offer our clients solutions that are compliant, transparent and integrated into their banking systems.
Our expertise: The entire tax lifecycle
Tax compliant customer onboarding
Even during the onboarding of new customers, the course for downstream, automated processes can be set correctly. Depending on residence and nationality, different types of taxation apply, different tax statements, different tax reports and other relief processes are required. A correctly and neatly structured onboarding process ensures maximum legal certainty and automation right from the start.
Country specific taxation
Report capital gains tax or not? Which countries have double taxation agreements and what percentage applies? We converted the regulations of individual countries into smart software solutions. Our "Client Tax Reporting" product is the reference customisation for Avaloq.
Customised tax statements
Complex sets of rules have to be set in motion so that client tax statements can be produced for different countries. Where is the customer liable for tax? Where does the income come from? What kind of income is it exactly? How is the taxation of income and assets in the country of domicile regulated? Swiss taxpayers are even served with barcodes, which enable automated completion of the tax return.
Exchange of tax data
Numerous banks rely on our expertise in determining which data, under which conditions and in which format, must be transmitted to foreign tax authorities. We understand the tax reporting regimes such as Common Reporting Standard (CRS) or FATCA, QI/1042-S, 871(m) and DTA group requests that govern the cross-border exchange of tax data.
International withholding tax relief
Withholding taxes on dividends, interest and fund income reduce the return on capital; recovering or reducing them at source increases the after-tax performance of client portfolios. We know all about how the factors client domicile, client type, market and type of income affect the respective relief process and offer reclaimer®, the leading solution in Europe.
Monitoring of customers
Your customers live, work and change. They reorient themselves and develop further. As a bank, you want to accompany your clients through these developments. What are the effects of a move? Which questions need to be clarified and which documents need to be requested anew? Are all of the customer's positions still compliant or does the bank have to act? What has to be monitored and to comply with which law? We at Confinale know the answers and are happy to help you develop suitable processes and integrate them into your existing IT infrastructure.
International tax reporting
Produce country-specific tax statements for your international clientele fully integrated, "at the touch of a button", in Avaloq.More about Client Tax Reporting
Create electronic tax statements for Swiss customers in the standard eCH-0196 directly from Avaloq.More about this solution
FATCA & CRS Reporting
Highly automated reporting of relevant information from Avaloq according to national and international standards.More about this solution
Withholding tax relief
Reduction of withholding taxes on an end-to-end digital basis.More about reclaimer®