The Trusted Platform for International Tax Reporting
AES-256 Encryption, IRS Compliant, Secure Transmission. Automate FATCA & CRS reporting with a platform built on bank-grade encryption. Transform sensitive client data into compliant XML — securely and accurately.
Security & Compliance
Automated, Error-Free XML: Generate IRS & OECD-compliant files. Our engine validates data and applies the latest XML schemas, eliminating manual errors.
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Global Reporting, Unified Security
Report across 100+ jurisdictions — including India, UK, Luxembourg, Ireland, Canada, and Switzerland. We manage the complex requirements while protecting all data with end-to-end encryption.
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Security & Privacy
Your data is encrypted at rest and in transit using AES-256 standards. We never sell or share your data. Learn more on our Technology & Security page.
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Automated Validation
Our engine eliminates technical errors in Form 8966 & CRS XML generation. Validate any file with our free XML Validation Tool.
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Two Deployment Options
Choose Cloud Platform (data deleted 60 days after filing) or Desktop App (data never leaves your machine). See the Desktop App User Guide.
Frameworks We Support
From AEOI reporting to US information returns — one platform for your global compliance.
Stop wrestling with XSD schemas. We convert your raw data into the exact format required by the IRS & CRS (Global / OECD).
Data Conversion
Maps your Excel/CSV columns to the correct XML tags. Start with our free Excel templates.
Schema Validation
Ensures no mandatory fields (like TIN or GIIN) are missing. Verify your GIIN here.
Error-Free Output
Generates a clean .xml file ready for packaging. Validate it with our XML Validation Tool.
IRS IDES Secure Packaging & Transmission
We handle the complete FATCA IDES process:
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XML compression (.zip packaging)
Automatically zips your file.
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AES-256 payload encryption
Encrypts the payload using the required AES-256 cipher.
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IRS public key encryption
Encrypts the AES key using the IRS Public Key (Certificate).
OECD CRS Reporting Across 100+ Jurisdictions
For the OECD Common Reporting Standard — including the new CRS 3.0 schema.
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Schema
Supports the generic OECD schema (v3.0) accepted by most tax authorities, plus jurisdiction-specific variants.
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XML File
Generates separate XML files for different jurisdictions if required.
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XSD Validation
All generated XML files strictly adhere to the official CRS (Global / OECD) schema. XSD Validation prevents technical rejection.
FAQs:
FATCA & CRS Reporting Software
Find quick and clear answers to the most common
questions about Novus Compliance
Generally, all Financial Institutions (FIs), including Banks, Mutual Funds, Insurance Companies, and Custodial Institutions, are required to file. Additionally, many Private Trusts and Exporters (Non-Financial Entities) with overseas accounts or controlling persons may also face reporting obligations. See the full breakdown in our CRS Reporting Guide.
Non-compliance is expensive. Failing to file correct FATCA returns can lead to a 30% withholding tax on your US-sourced payments. Additionally, local tax authorities (like the Indian Income Tax Department) may levy significant penalties for delayed or incorrect filings. Check jurisdiction-specific deadlines in our FATCA Reporting Guide.
FATCA (Foreign Account Tax Compliance Act) is a US Law requiring you to report US-owned accounts to the IRS. CRS (Common Reporting Standard) is a Global Standard (OECD) requiring you to report accounts held by residents of over 100 partner countries (UK, Singapore, Germany, etc.) to your local tax authority. Novus Compliance handles both.
No. This is a major benefit of using Novus Compliance. We act as your authorized Third-Party Transmitter. We sign and encrypt your data using our digital credentials, saving you the cost ($300–$500/year) and hassle of buying and maintaining your own certificate.
No. You do not need to learn XML programming or schema validation. You simply download our Excel template, fill in the required details (Name, TIN, Balance), and upload it. Our system automatically handles the conversion to the complex IRS/OECD XML standard — FATCA XML v2.0.1 or CRS XML Schema v3.0. Get started with our free templates.
Our system is designed for multi-currency reporting. We accurately report account balances in their original currency and apply the correct conversion rules as per the specific jurisdiction guidelines.
Yes. We use Bank-Grade Security. Your data is encrypted at rest and in transit using AES-256-CBC encryption standards, which is the exact cryptographic standard required by the US IRS. For Cloud Platform users, data is automatically deleted 60 days after successful filing. Learn more on our Technology & Security page.
Yes, we use AI-assisted validation — but our AI is entirely in-house. It runs on our own private infrastructure and is not deployed on the public internet. We do not use OpenAI, Google, Anthropic, or any third-party AI provider. Your data is never used to train AI models and never leaves our infrastructure. In the Desktop App, the AI runs locally on your machine. See Section 3 of our Terms for full details.
Absolutely not. Your data is processed strictly for filing purposes. It is transmitted directly from you to the tax authorities (IRS or local government). We never share, sell, or expose your data to third parties.
Transparency is key. Once we transmit your data to the IDES Gateway (for FATCA) or the local portal (for CRS), we provide you with the official Transmission Receipt and a status report proving that your return was accepted.
Our system performs Smart Data Validation before submission. We check for valid CRS status codes (e.g., CRS-101) and ensure Tax Residence codes are correct. If there is an issue, our system alerts you immediately so it can be fixed before the file is sent to the IRS, preventing rejection. You can also pre-validate any XML file with our free XML Validation Tool.
Yes. Our platform is built for Bulk Processing. We can efficiently process reports for thousands of account holders or multiple entities in a single, validated batch. This is ideal for Chartered Accountants and Tax Consultants managing multiple clients.
Yes. The IRS and OECD frequently update their reporting schemas. We ensure our software is always updated to the latest official schemas — FATCA XML v2.0.1 and CRS XML Schema v3.0 (CRS 3.0) — to prevent technical rejections. See our CRS Reporting Guide for the current schema versions.
No. For Indian Financial Institutions, all CRS and FATCA reports are filed centrally with the Indian Income Tax Department. You do not need to register with any foreign government. Once you upload your report to the Indian Insight Portal, the Government of India automatically exchanges the data with the respective countries. See our India jurisdiction page for details.
You must use your own ITDREIN. The Income Tax Department requires the reporting entity (you) to be the registered filer. Novus Compliance is a software tool that generates the compliant XML report for you, but the legal filing must be done under your entity's specific ITDREIN and PAN.
The file must be digitally signed (DSC) by your organization's Designated Director or Principal Officer. While our support team can guide you through the upload process on the Insight Portal, the digital signature and final submission must be authorized by your official signatory.
No. Each Financial Institution (Client) must have their own ITDREIN generated via their specific PAN login. If you manage compliance for multiple clients, you must log in to the portal using each client's specific credentials to upload their respective files.