Reporting

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 […]

Reporting under DAC 6? A five-step guide for banks

The deadlines for DAC 6 are approaching fast.  First reports will be due on 31 January 2021, and retroactive reports stretching back to 25 June 2018 have to be submitted by 28 February 2021. To avoid common pitfalls, and help you get started, we’ve outlined five key steps to get prepared for reporting. Step one: Determine your intermediary status DAC 6 i […]

Reporting under DAC 6? A five-step guide for insurers

The deadlines for DAC 6 are approaching fast.  First reports will be due on 31 January 2021, and retroactive reports stretching back to 25 June 2018 have to be submitted by 28 February 2021. To avoid common pitfalls, and help you get started, we’ve outlined five key steps to get prepared for reporting. Step one: Determine your intermediary status DAC 6 i […]

Reporting under DAC 6? A five-step guide for asset managers

The deadlines for DAC 6 are approaching fast.  First reports will be due on 31 January 2021, and retroactive reports stretching back to 25 June 2018 have to be submitted by 28 February 2021. To avoid common pitfalls, and help you get started, we’ve outlined five key steps to get prepared for reporting. Step one: Determine your intermediary status DAC 6 i […]

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 […]
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Is your organisation compliant with US tax requirements?

US tax requirements require you to take a number of key actions to better ensure that you are compliant. Have a look at our other checklists on qualified intermediaries and FATCA and CRS obligations. Or, read on for help with determining how compliant you are with other key US tax requirements. 1. PFIC reports Is one of your entities a passive entity with US i […]
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