Training Session

Thursday
Feb 23, 2023
2:00 PM

To

Thursday
Feb 23, 2023
5:30 PM
Where ?
Arendt House
41 Avenue John F. Kennedy
L-2082 Luxembourg-Kirchberg

Objectives

At the end of this training session (complete day), the participants will be able to understand the key concepts and procedures needed to handle on a day-to-day basis the various obligations stemming from the Luxembourg law provisions implementing the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS), with a specific focus on the fund industry.

The training consists of 2 sessions:

  • 3,5 hours to go through the theory (with a bit of practice)
  • 3,5 hours to go through the practice (with a bit of theory)

Attending both sessions is highly recommend but not mandatory. 

Content

CRS and FATCA forms

  • Rules* for W-9, W-8BEN and W-8BEN-E forms (QI excluded)
  • Zoom on Reporting Model 1 FFI, Investment Advisor/Manager, Active NFFE and Passive NFFE
  • Completion of some examples

CRS and FATCA reports

  • Applicable framework
  • The FATCA & CRS report components
  • Zoom on GIIN and TIN specifications

Production of CRS and FATCA reports (practical cases)

  • Identification of a reportable account under FATCA & CRS
  • Issuance of a nil report
  • Issuance of FATCA & CRS reports

Q&A

Speakers

Nicola Losito (Director, Arendt Regulatory & Consulting)

Lucile Dos Santos (Senior Associate, Tax Law, Arendt & Medernach).

Target Group

​People in charge of KYC and Compliance aspects, board members of Luxembourg investment structures, legal officers.

Duration

3, 5 hours 

Language

English

Price

550€

(rebate of 150 EUR on total budget if you join also the morning session)

 

For more information please contact us by e-mail at institute@arendt.com

Related Content

Nicola Losito
Director

Regulatory Consulting

Lucile Dos Santos
Senior Associate

Tax