Tuesday, January 18
08:14 PM

Vizor AEOI solution implemented byOman’s Tax Authority

5 Nov 2020

Software Systems LLC (SSL Oman) wishes to announce that The Oman Tax Authority has fully implemented it’s AEOI platformto manage its Automatic Exchange of Information (AEOI) commitments set out under the OECD Common Reporting Standard (CRS) and Country-by-Country (CbC) Reporting.The first CRS transmissions of data to be sent to its partner jurisdictions via the Common Transmission System (CTS) will occur in December 2020.

The implementation was delivered in partnership with Vizor Software. SSL Oman is a leading Omani Enterprise Software Solutions firm and a wholly owned subsidiary of the OHI Group. Vizor Software is a market leader in this space and headquartered in Dublin, Ireland. 

‘’We selected Vizor AEOI offered by SSL Oman, based both on the user-friendliness of the solution as well as their track record of success with tax authorities not just in the region but globally,” commentedSaid Shanfarifrom the Tax Authority, Oman. “We are delighted to see the project reach Go-Live ensuringwe meet our exchange commitments on time with the highest quality data and ultimately ensuring that Oman maintains a well-regulated and transparent environment.”

“A key driver behind the success of this project has been the excellent coordination between the Tax Authority, SSL and Vizor. While Vizor brought to the table a world-class product and a team of experts in the Tax domain, SSL brought the experience of delivering projects locally in Oman. The Tax Authority’s commitment to the project and their excellent project team were also crucial to the success of the project” commented Osama Henein, General Manager of SSL. 

‘’We are very proud tohave delivered this project as our first AEOI project to be implemented 100% remotely due to the pandemic environment we are currently operating within.This was enabled by an excellent working relationship with both our local partner SSL as well as the Tax Authority combined withthe vast experience and expertise of the team supporting 19 AEOI clients around the globe.’’, commented Mary O’Leary, Vizor’s AEOI Business Development Manager.

The Vizor AEOI solution comprises a single straightforward and extremely user-friendly software platform enabling the Tax Authority to meet its full set of international tax information sharing commitments including FATCA, CRS,CbC, ETR and soon to be Economic Substance Reporting requirements. Vizor AEOI also offers an Analytics Module enabling further data analysis and sophisticated data reporting (to comply with OECD questionnaires for example).

© 2021 Apex Press and Publishing. All Rights Reserved. Powered by Mesdac