Jean Kizito

Jean Kizito

FATCA and CRS audits: Time to be prepared

Why should you be prepared for FATCA and CRS more than ever? The new Foreign Account Tax Compliance Act (“FATCA”) and Common Reporting Standard (“CRS”) law ratified on 18 June 2020 has not only increased compliance requirements once again but, at the same time, it has reinforced the power of the Luxembourg tax authorities to carry out an audit within a […]

Operational Taxes in 2020 – A year in the life of QI, FATCA, CRS & co!

The year 2020. A year of twists and turns…and significant developments in the area of operational taxes! From FATCA and CRS, to QI and TRACE, join us as we take you on a tour of the key changes and highlights. Qualified Intermediary (QI) Periodic Review for Luxembourg banks with QI status The periodic review (to be performed in 2021) will be conducted in li […]

What US tax compliance means for the asset management sector

The US Internal Revenue Service (IRS) is increasing its efforts to ensure that non-US entities, including Luxembourg investment funds, comply with US tax rules. Tax authorities seem particularly focused on the following implications: Making US investments may lead to US tax compliance obligations: A company claiming treaty benefits should no […]

Six US tax compliance updates you NEED to know

QI, FATCA, CRS, MDR…whatever you’re dealing with, you can be sure that the topic of compliance is never far behind. With the constantly changing needs of regulators, new technological capabilities and frequent legal updates, compliance is an ever-shifting challenge. To stay ahead of the game, we attended a leading industry conference (the 31st Internation […]

Five big updates on QI, FATCA, CRS, and MDR

Compliance is an ever-shifting challenge, given the changing needs of regulators, new technological capabilities, and frequent legal updates. To help you stay on top of everything, our team has compiled the most important insights from the field of operational taxes. We were inspired by discussions at a recent industry-leading conference[1] we attended, where ta […]

Mandatory Disclosure Rules: five key questions for banks

The Mandatory Disclosure Rules (MDR) Directive is one of the EU’s latest initiatives aimed at increasing tax transparency and exchange of information in tax matters. The MDR will in practice apply to many intermediaries (including banks) and their taxpayers involved in cross-border activities. Below are the five essential questions about the MDR that banks sho […]