FATCA and the OECD CRS Programme

 

9.00 am

Introduction and set-up

 

 9.30 am

SESSION 1

The FATCA Regulatory Framework

■ Key FATCA Aims, objectives, timelines.
FATCA Definitions (FFI; P-FFI; RDC-FFI; CDC-FFI; NFFE; GIIN; FDAP Income; RO; IGA; USWAs; Gross Proceeds; Passthru Payments; Grandfathered Obligations; Active Income; Passive Income).
■ The Three Pillars of FATCA (Classification, Reporting, and Withholding).

 

10.30 am

Break

 

10.45 am

SESSION 2

Analysing US FATCA Model 1 and Model 2 Intergovernmental Agreements and FFI Agreements

■ MODEL 1 (Reciprocal 1A); MODEL1 (Non-Reciprocal 1B).
MODEL 2 (No Pre-existing Tax Information Exchange Agreement or Double Tax Convention Required); MODEL 2 (Pre-existing Tax Information Exchange Agreement or Double Tax Convention).
IRS FFI Agreement (Form 8957).

 

11.45 pm

Break

 

1.00 pm

SESSION 3

The OECD CRS Regulatory Framework

■ A Global Overview of CRS Reporting, Implementation Timelines, and 2017 and 2018 Reporting Deadlines.
■ A Review of the CRS (Standard for Automatic Exchange of Financial Account Information), the Model Competent Authority Agreement (Model CAA), OECD Commentaries, and HM Revenue & Customs Guidance Notes.

■ A Review of the International Tax Compliance Regulations 2015 (SI No. 878).
■ CRS Entity Management Liability and Sanctions for Errors and Non
-Compliance.

 

2.00 pm

Break

 

2.15 pm

SESSION 4

OECD Classification, Due Diligence, and Reporting

■ CRS Classification, Participating Financial Institutions, and Non-Resident Account Holders of CRS Participating Countries.
On-boarding of New Entity and Individual Accounts and Client On-boarding Solutions. Pre-Existing Account Due Diligence Procedures.
CRS Reporting (Foreign Debt, Equity Interests, Custody Accounts, Foreign Deposit Accounts), Reportable Accounts, and Enhanced File Review Procedures.

 

3.15 pm

CLIENT REVIEW SESSION

 

 

TO ENQUIRE ABOUT THIS PROGRAM OR TO BOOK PLEASE COMPLETE THE FORM BELOW:

Name *
Name
Phone
Phone