Product sheet

Xceptor Tax Processing

Helping financial intermediaries to stay on top of tax processes, handling data driven requirements for operational taxes more efficiently.

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Your challenges

Operational taxes are constantly subject to arrays of new, evolving, and complex regulations. It means today’s financial intermediaries are facing increasing volumes of work.


This presents new risks for any financial intermediary wanting to remain competitive while offering tax services.


Intermediaries are expected to accurately handle trading data and income generated from financial assets in a timely and compliant approach. All the while providing best in class tax relief services.


Success thus depends on an ability to access reliable and trustworthy data and solutions that are enterprise grade, reliant, and scalable.

Our solution


In a single solution, Xceptor delivers end-to-end tax processing capabilities. Our cutting-edge data processing technology reduces risk caused by inaccurate data, increases efficiency through a smarter workflow, and minimizes duplication. The result is transformed tax operations.



A market leader in tax data automation, Xceptor is trusted by some of the largest global financial institutions, including Deutsche Bank, Northern Trust and US Bank.





Xceptor Tax Processing is used in seven key areas:

1. Tax documentation management

2. Tax relief at source

3. Tax reclaim management

4. Tax rate determination

5. US tax reporting

6. Transaction / capital gains taxes

7. Tax intelligence*




Key benefits


Manage intricacies and challenges of complex withholding tax requirements, transaction taxes, and tax reporting.


Configure your own rules to reduce dependence on other teams.


Seamlessly integrate with your internal data sources and existing applications


Safeguard your business with a strong focus on control, risk management, and regulatory compliance.


Fully auditable with control mechanisms.


Scalable solution providing live intra-day tax calculations and processing millions of documents and transactions annually.

Key features

The Xceptor Tax Processing solution provides an automated and optimized documentation workflow ensuring correct tax is withheld. Key features include:

Tax documentation management dropdown

Automated capture, production, renewal, and solicitation of all documentation required to achieve tax relief (via RAS or Reclaim).

Tax relief at source (RAS) dropdown

Automation of processes required for RAS, including collection, production, and submission of breakdown of holdings on omnibus accounts, tax elections, withholding statements.

Tax reclaim dropdown

End-to-end tax reclaim processing, from income payment and reclaim opportunity capture to end payment reconciliation.

US rate determination dropdown

Tax information, calculations, documentation requirements, and other data supplied to output channels and upstream systems.

US tax reporting dropdown

Automated reporting process through data ingestion, reconciliation, operational processes and onward report production and distribution. Addresses specific requirements of US regulatory tax reporting around 1042-s, 1099 and annual IRS submission.

Transaction tax / Capital gains tax dropdown

Management of rules to automate the process of capturing liable transactions, calculating amount of tax to charge and reporting it to clients, tax authority, or withholding agent.

Tax intelligence* dropdown

Capture regulatory alerts and manage regulatory change through structured workflow, including production and distribution of market updates to end clients, using a fully controlled and auditable tool.

Tax Processing workflow

Tax Processing workflow

Anand Rengarajan
Managing Director, Global Head of Sales and Head of Asia Pacific - Securities Services

Deutsche Bank-140

quoteProduct enhancements such as the automation of tax processes, which we will look to replicate in other markets, directly benefit our foreign institutional clients such as global custodians, sovereign wealth funds, and asset managers by providing faster turnaround times and improved accuracy.

Find out how you can turn your tax operational process into a revenue generative stream. 

Speak to a tax specialist today.

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* For operational teams managing regulatory change