Banking clients’ needs, and as a result the requirements placed on banks, have changed in recent years. Country-specific tax reporting is becoming ever more important for banks’ cross-border services. In order for a tax statement to be able to be used to prepare a banking client’s personal tax return, these regulations needs to take into account how the different forms of income and assets are taxed in the client’s country. Only then can a tax statement provide added value for the client.
In order to offer Avaloq banks a unique and quality product in this field, PwC is working closely together with the IT experts at Confinale, with PwC bringing the tax knowledge and Confinale the IT knowledge. Together we have developed off-shore reporting functionalities, which are fully integrated into the Avalon Banking Suite, for all important client markets.
Read the full Report here.
Please contact with any question about the report Dieter Wirth or your previous contact at PwC.