European Fund Taxation and Reporting

After completing this course, participants will be able to understand:

• The basic notions, terminology and importance of European tax reporting applicable to investment funds
• The basics of German, Austrian, Swiss, British, Italian and Belgian taxes and of the EUSD

• Introduction to pan European tax reporting for funds
• Overview
• Taxes applicable to investment funds
• Tax reporting industry today: which, how, why?
• Increasing importance of tax figures calculation
• Challenge for fund tax reporting
• Risks
• Periodic
• Graphical analysis of daily tax figures
• Conclusion
• Germany - tax reporting
• Funds and reporting in scope/ tax audit /communication
• Annual tax figures & daily tax figures (mandatory / optional)
• Interim profit ( components / target funds IP)
• Equity gain (components / target funds AKG)
• Real estate gain (components)
• Hedge funds
• Austria - tax reporting
• Status
• Overview
• Registration & reporting
• Daily tax calculation & EUSD
• Reporting (process, codes )
• United Kindom - tax reporting
• Reporting fund regime (overview)
• Forms of mutual funds
• Duties of a reporting fund
• Reporting requirements to investors
• HRMC requirements
• Computation of the reportable income
• Trading versus investment transaction
• Breaches of the reporting fund regime (overview)
• Specific case: FCP – streaming of incom
• Switzerland - tax reporting
• Background / information to be provided /addressees overview
• Some required adjustments
• Other issues
• Belgium - tax reporting
• Background
• TIS (background / scope / determination)
• Taxe d’abonnement - principle
• Specific case: FCP
• Italy - tax reporting
• Background / law decree
• Tax reporting obligations
• EU Savings Directive
• Principles / exchange of information flow / exceptions
• Directive – country /products / products out / funds potentially in scope
• Taxable events
• Classification of funds
• Look-through principle