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,  Belgian, Norwegian, Swedish, Danish, Luxembourgish and French taxes

Introduction to pan European tax reporting for funds

Overview of stakeholders
Funds Tax Reporting : a challenging area
Challenges for service providers
Germany
Old regime v/s new regime
Funds classification
WM DATEN forms and fields
Equity Ratio ("Kapitalbeteiligungsquote") : calculation, publication, breaches
Tax events : distribution, merger
Status Certificate ("Statusbescheinigung")
Italy
Background / law decree
IRRP – Italian Reduced Rate Percentage
Italian Inheritance Tax
Belgium
Annual Tax ("Taxe d'Abonnement")
Annual Asset Test calculation and publication
Belgium TIS calculation and publication
Austria
OeKB Registration as reporting fund
Reporting (DDI)
Switzerland
Background / overview
Circulars
Swiss Net Investment Income calculation and reporting
AFFIDAVIT status
United Kingdom
Reporting fund regime (overview)
HMRC registration process
UK Equalization principles
Taxable income (ERI-Excess of Reportable Income) calculation
Breaches of the reporting fund regime
HMRC publication process
Investor Report publication
Norway
Asset Test Principles / Overview
Sweden
Monthly and Yearly reporting Principles / Overview
Denmark
Equity Based Investment Companies Principles / Overview
Luxembourg
Real Estate Tax Principles / Overview
France
IFI Principles / Overview