
An automated solution for the Mandatory Disclosure reporting requirement by OECD.
Vendor
Kiya.ai
Company Website
DAC6 Reporting
Single point solution to manage all your DAC6 arrangements & reporting obligations
The Council of the European Union, revised Directive 2011/16/EU in considerations with the mandatory automatic exchange of data information in the area of taxation concerning reportable cross-border arrangements, known as 'DAC6' or Mandatory Disclosure Rules (MDR) Directive. DAC6 applies to cross-border tax arrangements, which meet one or more specified characteristics (hallmarks), and which concern either more than one EU country or an EU country and a non-EU country. Universal Regtech Solution's DAC 6 reporting tool is a secured Saas-based solution that enables businesses to take control of the newly implemented EU Directive 2018/822 on Administrative Co-operation (DAC 6) reporting obligations. Built with country-specific repository of hallmarks and a robust governance framework, the solution enables businesses to assess and identify reportable cross-border arrangements along with relevant intermediaries in a structured format with automated report generation and submission capabilities, avoiding financial and reputational risk of non-compliance.
Key Attributes
- Seamless integration with existing products
- Automated flagging of reportable parties
- Customizable dashboards
- Support multiple DAC formats
- FATCA and CRS solution
- XML generation and support
Value Delivered
- Supports Multiple DAC6 formats
- Cost & Risk Management
- Transparency & Reliability
- Proven Reporting Capabilities
- Specialized Reporting Guidelines
- Automated Reporting