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