fatca

FATCA SOLUTION

The Foreign Account Tax Compliant Act (FATCA) aims to prevent tax evasion by making compulsory for foreign financial Institutions and certain other non-financial foreign entities to report on the foreign assets held by their U.S. account holders.

With this agreement all members of the investment community are obliged to report to the U.S. Internal Revenue Service (IRS) which of their account holders are U.S. persons in order to comply with the enacted Act.

In response to this new demand, Quidgest has developed a FATCA solution, which assures compliance of this institutions with the legislation and IRS requirements.

ADVANTAGES

Flexibility and quick implementation
Compatible with other existing solutions
Totally framed in the national and international legislations
Solution driven by a state of the art technological process, Genio

FEATURES

Identification of the US Persons according to US Indicia (new clients and existing client portfolio)
Validation
Warnings and notifications
Tax Withholding
Reporting

Gestão Financeira Quidgest

ACCOUNTING AND FINANCIAL MANAGEMENT SOLUTIONS

A modular solution which integrates three different accounting streams: General, budgetary and analytical.

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