Training - DAC 6 Readiness - Luxembourg Implementation of the EU Mandatory Disclosure Regime and Recent Updates

Duration

4,00 hours(s)

Language(s) of service

Next session

Who is organizing this training?

Fondation créée en 2015 par la Chambre de Commerce et l’Association des Banques et Banquiers Luxembourg (ABBL), la House of Training est un organisme agréé de formation professionnelle continue qui s'engage à contribuer activement à la compétitivité et à l'attractivité du Luxembourg en développant les compétences de ceux qui font vivre son économie.

Who is the training for?

Professionals of the financial sector and tax managers of multinational groups that would like to gain a clear view on the impact of the new reporting obligations on their investments structured via Luxembourg and the potential obligations of taxpayers. This training may further be of interest for tax intermediaries that may have reporting obligations under DAC 6.

Goals

After the training the participant shall be able to:

have an overview of DAC6, an EU Directive which requires tax intermediaries or taxpayers to report cross-border arrangements that contain at least one of the hallmarks (characteristics or features of a cross-border arrangement) defined in the Directive
understand the new reporting obligations that apply for arrangements implemented as from 25 June 2018
understand when the reporting obligations are shifted to the taxpayer because of a professional privilege
have a view on timing aspects and potential penalties
understand the mechanics of the hallmarks and the main benefit test (that needs to be fulfilled for many hallmarks to result in reporting obligations)
have a clear view on how to deal with these obligations in practice and their impacts on internal procedures
understand the various recent updates brought by the Luxembourg tax authorities.

Introduction
Design principles and main objectives of mandatory disclosure regimes
Overview of the new disclosure regime
Definition of tax intermediaries
Reportable arrangements
Information to be reported
Reporting responsibilities
Competing reporting obligations
Timing aspects
Penalties for non-compliance
Analysis of the hallmarks that may trigger reporting obligations
Understanding of the main benefit test and its importance in the new reporting regime
Determining reportable cross-border arrangements
Case studies