Luxembourg Implements the Mandatory Disclosure Regime (DAC 6): Moving towards DAC 6 Readiness (virtual classroom)
In response to the current situation related to the coronavirus COVID-19 preventing us from organising face-to-face trainings, the House of Training is delighted to announce that this training is now accessible as a virtual class.
This format, perfectly adapted to any staff member aiming to develop their skills remotely, has various benefits:
It allows you to train yourself while avoiding any physical movement
Maximum efficiency is guaranteed due to an adaptation of session durations according to this kind of training
Regular interaction between the trainer and the learners is assured thanks to modern technology tools
Registration is easy!
If you wish to attend this training, please click on “S'inscrire” and choose “virtual classroom”.
On 21 March 2020, the Luxembourg parliament passed the law implement DAC 6. With circa 2 months remaining until the mandatory disclosure regime (MDR) enters into force, intermediaries and taxpayers have to urgently prepare for the new reporting obligations in order to mitigate the risk of penalties. As the MDR applies with retroactive effect, cross-border arrangements implemented since 25 June 2018 have to be reviewed “now”.
The MDR introduces some vague definitions and concepts that can, at times, make it difficult for practitioners to determine as to whether or not a specific cross-border arrangement is reportable. Therefore, it is crucial to develop a clear understanding of the hallmarks and the main benefit test (MBT).
This virtual classroom aims at providing participants with up to date content considering the latest developments in Luxembourg (opinion of the State Council, final DAC 6 law, blacklisting of Cayman Islands by the EU, …) and clear guidance on how to “move towards DAC 6 readiness”.
Key features of the disclosure regime
Arrangements, intermediaries and other interpretation issues
The hallmarks of reportable arrangements
The main benefit test – Developing a reasonable approach
Considering anti-abuse legislation
Managing DAC 6 obligations in practice
Navigating between penalties
Practical case studies
Professionals of the financial sector and tax managers of multinational groups that would like to gain a clear view on the impact of the new reporting obligations on their investments structured via Luxembourg and the potential obligations of taxpayers.
This training may further be of interest for tax intermediaries that may have reporting obligations under DAC 6.
The lecturer is an International Tax Partner with a large tax advisory firm in Luxembourg where he is also heading the Transfer Pricing practice. A tax professional since 2003, he has experience in Luxembourg and international taxation with a focus on alternative Investments (private equity, real estate, sovereign wealth funds, hedge funds), mergers & acquisitions and multinational groups. He advises clients on all direct tax aspects regarding deal structuring, maintenance, reorganisations and exit planning.
At the end of the training, the participants will receive a certificate of attendance delivered by the House of Training.
The course material can be downloaded free of charge via your portal the day before the start of the course (download the Client Portal User’s Guide here).