Introduction to FATCA and CRS

Brief description

The regulatory framework around the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) is constantly evolving, brought about by the political pressure exerted by the different Member Statesthat are enhancing their controls on financial institutions’ reporting framework. Based on the increasing number of requests received by the tax authorities, we observe that being compliant remains a real concern.

The purpose of the training is for the participants to familiarise themselves with the basic provisions of FATCA and CRS and by extension to be able to correctly apply the procedures required by the above laws and therefore tocomply with their provisions and requirements.

In particular, the participants will be able to acquire the appropriate knowledge and skills, so that they can apply the appropriate procedures and policies and as a consequence achieve their effective compliance with the provisions of FATCA and CRS.

Who should attend the course?

The seminar is addressed and will be highly useful, beneficial and add value to employees of organisations dealing with FATCA and CRS, Lawyers, legal experts/consultants, Members of the Cyprus Tax Authority, Consultants, Bankers, Financial Advisors, Board Members, CEOs, CFOs and Senior Managers, and anyone else interested on FATCA and CRS.

Programme