Document creation between technical expertise, technology, and operations
Today, document creation is much more than just an "output issue." Companies must
March 10, 2026
Customer reporting
Country-specific tax reporting is playing an increasingly important role in the cross-border services offered by financial service providers. Tax honesty and customer transparency are the main driving factors here.
If you want to stand out from the competition as a financial institution, you need to offer your customers detailed and appealing tax reporting.
SECTRAS fully covers both domestic and foreign customer-specific tax reporting as well as reporting to the authorities responsible for tax matters.
In addition to the tax assessment and the resulting tax calculation, if applicable, documentation of all tax-related processes based on legal requirements and customer-specific concerns is necessary.
SECTRAS fully covers both customer-specific reporting and reporting to the authorities responsible for tax matters.
International political developments on tax compliance are forcing financial service providers to improve the quality of their customer service and reporting and thus also the tax compliance of their customers.
The increasing requirements for annual tax reporting for foreign clients pose new challenges for all national and international financial service providers.
SECTRAS also offers credit institutions based outside Germany and Austria the possibility of high-quality service reporting for their foreign customers.
At present, it can be assumed that investors with foreign currency accounts often unknowingly file incomplete tax returns to settle their securities transactions.
Use SECTRAS for the tax processing of foreign currency and forward exchange transactions as well as transactions in cryptocurrencies such as BITCOIN, ETHER & Co. SECTRAS manages the FiFO stock and generates transparent and detailed §23 tax reporting for your clients.
Reporting
Constantly tightening regulatory standards are forcing financial institutions to constantly deal with compliance with a wide range of reporting requirements.
In addition to communicating with various supervisory authorities (such as the Federal Central Tax Office), different reporting periods must also be taken into account.
German financial institutions are obliged under Section 24c (1) KWG to maintain a data pool in which defined customer and account master data (e.g. account number, name and date of birth of the account holder and authorized signatories, opening and closing date) are stored.
In SECTRAS, a component is available that prepares the relevant data from the central master data systems in accordance with the legal requirements and forwards it to the Bank-Verlag's account records centre.
CPB takes over the hosting, the complete conversion (conversion) into the prescribed reporting format, the legal storage and the communication with the account records centre.
A standardised solution for FATCA, CRS and future requirements
Whether US FATCA, UK FATCA, the EU Mutual Assistance Directive or the OECD Common Reporting Standard - as a result of international efforts to promote tax honesty, the Automatic Exchange of Information in Tax Matters (AEOI/AIA) is gaining acceptance as a global solution.
CPB offers a standardized solution for compliance with FACTA and CRS reporting requirements.
The CPB ERiC client is our software solution for the technical transmission of ELSTER reports to the data centres of the German tax authorities. This includes a procedure-compliant technical validation, enrichment as well as signature, encryption and decryption of the transmission data.
The ELSTER client software enables a tax application software, financial or payroll accounting software to file the tax return or tax return electronically.
