The main functionality of the module GE-Tax Corporate ActionsTM is the determination and processing of tax data in back-office processes for withholding tax deduction, tax reclaim, tax-reporting (offshore).
In addition the following functionality is available:
- Validations (Cash Flow, consistency of “WM-data”, etc.)
- Storage of booking and reporting information
The processing within the module thereby considers:
- Earning data and asset data from WM
- If necessary data from the core banking system (asset and transaction data)
The module GE-Tax Corporate ActionsTM also analyzes the tax relevant effects of Corporate Actions („Kapitalmassnahmen“) and conversions of securities („Umtauschaktionen“).
The aim is to provide all tax relevant data for the further tax processing (tax calculation, tax reporting).
Examples of covered Corporate Actions:
- Mergers
- Spin-offs and split-offs
- Capital increase / reduction
- Bonus shares
- Conversions
- Splits