| The name of the base system (platform): | Flextera |
| Developers: | Diasoft |
| Date of the premiere of the system: | 2014/08/14 |
Flextera - Fulfilment of requirements of FATCA - the software product for the fast organization of work on implementation of requirements of the American legal act and minimization of operational risks.
On August 14, 2014 the Diasoft company announced product output of a line of Flextera – "Fulfilment of Requirements of FATCA".
The product is focused on credit institutions.
Flextera - "Fulfillment of requirements [1]" provides:
- identification of clients (physical persons and legal entity) according to requirements of FATCA,
- identification of the accounts belonging to clients persons of the USA on the basis of the formalized procedures
- preparation of reports in IRS.
The Diasoft company offers banks the software product of FLEXTERA "Fulfilment of Requirements of FATCA" which functionality will allow to create the report for 2014 for sending to IRS and to remove from credit institution risk of possible sanctions from the Internal revenue service of the USA.
Also software product of FLEXTERA "Fulfilment of Requirements of FATCA" allows to reveal clients (physical persons and legal entity) according to requirements of FATCA, to identify the accounts belonging to clients persons of the USA on the basis of the formalized procedures and to perform preparation of reports in IRS.
Notes
- ↑ of FATCA1 of July, 2014 became effective the law of the USA "About taxation of foreign accounts" (FATCA – Foreign Account Tax Compliance Act). This legal act offers all not American financial institutions wishing to participate in FATCA, to implement the procedures allowing to identify financial accounts of the American taxpayers and to transfer information on these accounts to tax administration of the USA.
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