Union Investment Group picks BearingPoint for tax reporting
Union Investment Group has selected BearingPoint for its FiTAX DAC6/MDR tax reporting solution.
The reporting tool will be used across Germany, Austria and Luxembourg.
Alexander Volland, project manager at the firm, says it looked for a “reliable partner who can also deliver a powerful software”.
BearingPoint says that its system is able to react quickly to the new requirements in the reporting system.
The DAC6/MDR module automates the process of complying with the new rules and enables “a clear tracking of all reportable and non-reportable tax arrangements.”
Alongside its announcement about Union Investment Group, BearingPoint says it expects to win a deal with East-West United Bank in Luxembourg.
“The increasing complexity in reporting requires efficient and standardized solutions,” says Ronald Frey, on the BearingPoint RegTech management board.