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