CRS & FATCA Compliance & Reporting
- Χρηματοοικ. Ασφαλιστικά Τραπεζικά - Λογιστικά/ Έλεγχος/ Φορολογικά - Νομοθεσία, Νομική & Δικηγόροι
ΠΕΡΙΓΡΑΦΗ
The Common Reporting Standard (CRS) is an effort led by the Organization of Economic Cooperation and Development (OECD) and aims to combat tax evasion by imposing mutual reporting obligations among participating countries. A large number of countries have signed the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Information, Cyprus being one of them. Practically speaking, reportable entities in one jurisdiction will need to identify and report foreign individuals and entities accounts holders, provided that the country where account holder has his tax residence participates in CRS.
The Foreign Account Tax Compliance Act (FATCA) is focused on strengthening information reporting and withholding compliance with respect to US persons who invest directly or indirectly through the ownership of foreign interests. To achieve its purposes, FATCA dictates non-US Financial Institutions to identify accounts falling under the FATCA scope and report certain details on these accounts to the US Authorities.
ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ
- Understand the scope and impact of CRS reporting
- Differences and similarities between different reporting standards
- Learn about customer identification and classification
- Learn the best practices in complying with AEI / CRS
- Implementation of the CRS framework
- The best reporting practices
- Data Standards and Importance of Reference Data
- Implementation challenges and key success factors
ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ
- Employees and executives of financial entities (such as banks, CIFs, Investment Managers, etc)
- Lawyers and legal professionals
- Accountants
- Compliance professionals
- Operations Managers and Teams
- Risk professionals
- Tax Professionals
ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ
Training Outline
- The main provisions of CRS & FATCA
- The key differences between CRS & FATCA
- Their impact on Cyprus-based Financial Institutions
- The IGA between Cyprus and the US for FATCA
- The actions that CIFs and other Cyprus-based FIs need to undertake to comply with FATCA and CRS
- Reportable entities
- Reportable accounts
- Deadlines
- Exemptions
- Obligations for financial institutions
Training Style
The training style will include the presentation of all the material using slides and handouts. The trainer will use practical examples to elaborate various concepts as well as show various videos that highlight particular course concepts and encourage class discussion. Participants will engage in exchange of ideas and sharing of knowledge on the subject matter. Participants will also be able to ask questions and obtain clarifications from the trainer on all the material covered.
Πληροφορίες Εκπαιδευτή
Δημήτρης Σαββίδης - Corporate Lawyer
Demetris Savvides holds degrees in law, management and criminology and has been a lecturer in for more than nine years in the field of business law and management having taught numerous courses in business, corporate, taxation, GDPR and criminology, with an extensive record in academic publications in internationally renowned business journals. In addition, Demetris Savvides is an experienced corporate lawyer helping hundreds of companies in their normal functioning, engaging in transactional and legal advisory including advisory relating to day-to-day business regulatory issues, GDPR implementation matters, and corporate tax planning. Tending to clients, both domestic and international, Demetris Savvides has gained vast experience in dealing with business matters right from inception and catering to the regular corporate and compliance needs for successful functioning to empowering companies to scale to their potential. Demetris Savvides has had a notable track record of advising clients in corporate transactions that are vital for their business. His overall commercial corporate experience has both the in-depth knowledge of business laws and corporate finance as well as the practical advantage of for providing all-round service to the companies, which encompasses corporate commercial and tax structuring of a business whether domestic or through foreign investment, process incorporation via sustainable models which optimize the needs of the business, day to day compliance process for smooth functioning, ensure optimum use and action of corporate finance, as well as strategizing takeovers or winding up at appropriate junctures".
Αναλυτικό Κόστος Σεμιναρίου
- € 200.00
- € 0.00
- € 38.00
- € 200.00
ΠΡΟΓΡΑΜΜΑ ΣΕΜΙΝΑΡΙΟΥ
Τετάρτη - 05 Απρ 2023
Ώρα
09:00 - 16:15
ΕΚΠΑΙΔΕΥΤΗΣ:
Δημήτρης ΣαββίδηςΤοποθεσία:
OnLine Virtual Classroom