Events 19 June 2015

The Automatic Exchange of Information in Tax Matters


General Information


Event date :

19 June 2015

Event location :

BGL BNP Paribas - Salle des Pas Perdus - 50, avenue J.F. Kennedy, L-2951 Luxembourg

Time :

08:30 - 12:15

Organizer :

ABBL

Organizer email :

Overview

The OECD Standard for Automatic Exchange of Financial Information in Tax Matters (the “OECD Standard”) significantly extends the scope of the automatic exchange of information vis-à-vis the EU Savings Directive. Nearly 100 jurisdictions have committed to implement it and a Directive has already been adopted to integrate it into EU law.
Its implementation will result in a vast array of obligations vesting upon financial institutions, which will increasingly act as auxiliary to the tax authorities. The regulatory framework represents a complex blend of KYC, tax, legal and IT provisions that solicits a wide range of expertise within each financial institution. The ambitious implementation timeframe leaves financial institutions with a much shorter timespan than for FATCA to complete their implementation projects. New account opening procedures to record tax residence will need to be in place from 1 January 2016. Certain due diligence procedures will be required to be completed by 31 December 2016. Reporting will start in 2017.

Public
Anyone from the ranks of our members with responsibilities or involvement in client relationship management, regulatory reporting and compliance, operational tax, professional obligations, legal, IT, project management and data protection.

 

 

 

Programme

  • 8.30: Registration and coffee
  • 8.55: Welcome address - Catherine Bourin, ABBL
  • 9.00: Luxembourg’s approach to the automatic exchange of information - Frederic Batardy, Ministère des Finances, Direction de la fiscalité
  • 9.20: The OECD Standard at a glance - Camille Seillès, ABBL
  • 9.45: Implementing the OECD Standard
    • Priorities and planning - Johannes Hank, Deutsche Bank Luxembourg
    • Customer relation management - Yves Marquis, Banque Internationale à Luxembourg
  • 10.30: Networking refreshments
  • 10.45: Technical points of attention
    • Concept of residency under the OECD Standard - Ana Isabel Garcia Porras, BGL BNP Paribas
    • Legal questions - Marilène Marques, Banque et Caisse d’Epargne de l’Etat
  • 11.20: Banks as data controllers under the automatic exchange of information - Georges Wantz, Commission Nationale pour la Protection des Données
  • 11.40: Q&A Panel - in the presence of all speakers
  • 12.10: Closing remarks - Camille Seillès, ABBL
  • 12.15: Networking lunch

Facilities

The parking of BGL BNP Paribas is available to the participants.
The entrance is on "rue Jean-Pierre Hackin".

Fully booked

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ABBL
Association des Banques et Banquiers, Luxembourg
12, rue Erasme | L-1468 Luxembourg
Tél.: (+352) 46 36 601 | Fax: (+352) 46 09 21
Email: mail@abbl.lu
Heures d'ouverture:
Du Lundi au vendredi de 8h00 à 17h30


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