Global Information Reporting Services

The Foreign Account Tax Compliance Act (FATCA) was included into the US Code via the HIRE Act 2010. It requires non-U.S. foreign financial institutions – i.e. depository and custodian institutions, specified insurance companies and certain investment entities – to report information about assets of their U.S. account holders to the U.S. authorities (IRS). In Austria, FATCA came into force in July 2014 via a Modell II IGA. Deloitte supports clients with the technical and administrative challenges of FATCA and ensures that reporting obligations are met on time.

The Common Reporting Standard (CRS), developed by the OECD based on the model of FATCA, is a global reporting system for the exchange of tax information between participating countries. The CRS (in Austria GMSG⁠) promotes transparency by obliging financial institutions – i.e. depositor and custodian institutions, specified insurance companies and certain investment entities – to collect and report data of accounts of foreign account holders. Austria implemented the CRS on 1 January 2016 which was substantially amended and expanded to include e-money and central bank digital currencies as part of the Anti-Fraud Act 2025 (Betrugsbekämpfungsgesetz 2025 Teil Daten, so called CRS 2.0). Deloitte offers expert knowledge and tailored solutions to ensure that CRS requirements are effectively implemented and adhered to.

The U.S. Qualified Intermediary (QI) program enables U.S. foreign financial institutions to apply reduced U.S. withholding tax rates at source and report tax information while largely maintaining the anonymity of their customers. In its capacity as withholding agents, a QI must regularly submit information- and tax-returns on dividends and interest received and forwarded (so-called "US FDAP income") to the US tax authority IRS. QIs must also consider certain obligations under Section 871(m) IRC on withholding and reporting on derivatives of US underlyings and with respect to PTP reporting. Additional requirements are being introduced on an ongoing basis. Deloitte provides comprehensive advisory services to help financial institutions manage and comply with their QI obligations.

The Crypto-Asset Reporting Framework (CARF) is the OECD's latest tool for collecting and reporting tax information specifically related to crypto-assets. With the rising popularity of crypto and the associated tax challenges, CARF provides a unified approach to reporting and sharing information about crypto asset transactions internationally (as implemented within EU via DAC 8). CARF was implemented in Austria by the Crypto-MPfG and is applicable as of 1.1.2026⁠. Deloitte helps clients to understand and apply the CARF/Crypto-MPfG regulations to  ensure that CASPs can comply with regulatory requirements while concentrating on its opportunities offered by the digital economy.

The Central Electronic System of Payment Information (CESOP) is a European initiative that aims to improve the exchange of information on cross-border payments. CESOP was introduced to close VAT gaps and reduce tax fraud in cross-border trade. CESOP was launched in Austria on 1 January 2024. Deloitte supports clients to navigate the implementation of CESOP data requirements and ensures that they can operate in a CESOP compliant manner.

Identify accounts, transactions or structures that may be affected by the GIR regimes, take into account reporting responsibilities and ensure that the reportable information is properly recorded.

Advising clients in all areas of global information exchange (FATCA/QI/CRS/CARF/CESOP/DAC6 etc.) – ad hoc or ongoing.

Plan and implement solutions to collect reportable data in a structured format to ensure it is compliant with local reporting requirements.

Preparation of customer data for materially and formally correct reporting to the authorities. If required, we can provide our Deloitte Technology and offer various outsourcing solutions, from managed services, SaaS to pure licensing models.

Integrate the requirements into existing governance and control frameworks and consider the impact on existing regulatory processes.

Raising awareness in the company is a fundamental step and part of every compliance program. We support customers from e-learning modules to tailor-made training programs.

The review of internal processes, procedures and documentation is a best practice and in some cases necessary (e.g. when the QI/FATCA Responsible Officer changes) or following and anticipating mandatory reviews.