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2014 NCAA Softball Coordinators I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I IEC AAC A10 ACC SUN BIG 12 BIG EAST BIG SOUTH BIG TEN BIG WEST CAAC USA Horizon MAC MEAN MVC MWC NEC PVC PAC12 PATRIOT SEC SOON Southland SWAP Sun
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a-sun stands for Automatic Exchange of Financial Information, it is a global standard for the automatic exchange of financial account information between tax authorities to help combat tax evasion and promote transparency.
Financial institutions such as banks, investment firms, and insurance companies are usually required to file a-sun reports to their local tax authorities.
Financial institutions must collect relevant financial account information from their clients and report it to the local tax authorities in the required format.
The purpose of a-sun is to prevent tax evasion by providing tax authorities with information about overseas financial accounts held by their residents.
Information such as the account holder's name, address, tax identification number, account balances, and account activity must be reported on a-sun.
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