معهد الدراسات المصرفية

المملكة الأردنية الهاشمية

"Foreign Account Tax Compliance Act – FATCA "


المحاضر تاريخ البداية تاريخ النهاية توقيت البداية توقيت النهاية مكان الانعقاد عدد الساعات سجّل الآن
احمد درويش ترتير
2018-02-25 2018-03-01 16:30 20:30 عمان 14
سجّل الآن

(Objectives / الأهداف)

:

- By the end of this course, participants will be able to:-

 

- Learn how FATCA affects your business and operations even in banking sector or financial services companies.

- Understand the keys to FATCA.

- Learn how to incorporate the requirements to comply with FATCA.

- Apply  leading  practices  to  manage the implementation of FATCA compliance program.

- Learn about the international expansion of tax information exchange through OECD efforts.


(Contents / المحتويات)

:

Banking FATCA:

-  Background:

- Definitions.

- Reason of implementation.

- Implementation Timeline.

- FATCA Agreements:

- FFI.

- IGA1.

- IGA2.

- Jordan Current Situation.

- Accounts subject to FATCA:

- Practical Considerations for Developing a FATCA Compliance Program.

- Addressing of FATCA related  accounts.

- U.S. Persons Definition.

- Material Breaches & Events of Defaults:

- The consequences of non-compliance.

- Establish FATCA Governance Framework (Policy & Procedures).

- Addressing Existing FATCA Accounts:

- Individual Project.

- Corporate Project.

- High Value Project.

- FFI Project.

- Addressing New FATCA Account:

- KYC enhancement.

- System Enhancement.

- Banking FATCA Forms (W9 , W8, W8BEN-E).

- Recalcitrant accounts:

- Recalcitrant accounts.

- How to deal with such accounts.

- Reporting stage:

- Determine the reportable FATCA accounts.

- Reporting Individual Accounts.

- Reporting Corporate Accounts.

- Reporting Joint Accounts.

FATCA for Financial Service Companies (FSC):

- Why FSC are included under FATCA rules and regulations.

- What are the financial services that are included with FATCA rules and regulations.

- Jordan Securities Commission role in FATCA implementation.

- What to do to comply with FATCA rules and regulations.

- Local Brokerage service (Amman Stock Exchange).

- Regional Brokerage Service (Regional Financial Stock Markets).

- International Brokerage Service (International Financial Stock Markets).

- How we  make sure that we are in compliance with FATCA rules and regulations.

- Step-by-Step to understand FATCA methodology for such services.

- FATCA classification for Brokerage service, how to differentiate between services rendered which either require FATCA reporting.

- Asset Management Service:

- Definition of the service (JSC).

- Does such service goes under FATCA law.

- How we  make sure that we are in compliance with FATCA rules and regulations.

- Funds:

- Definition of the service (JSC).

- Does such service goes under FATCA law.

- Custodial Account :

- Definition (FATCA).

- What financial services are goes under such definition.

- Investment Account:

- Definition (FATCA).

- What financial services are goes under such definition.

- Recalcitrant accounts:

- Definition (FATCA).

- How to deal with such accounts.

- Required Reporting details for IRS:

- What’s new for 2016 reporting.

- W8-IMY form.



(Participants / المشاركون)

:

-  Banking Employees , Financial Services Companies’ and Brokerage Firms Employees.

-   FATCA Project Personnel (Compliance, Operation, Legal…etc.).