Available Dates:
 |
| Course Code: 222 |
| Duration: 1 day |
| Level: Basic |
| Fee: $795.00 |
| CPE Credits: 7 |
| Prerequisite: No Prerequisites Required |
This seminar is targeted to staff whose primary responsibilities have involved foreign withholding tax relief for at least six months. Attendees are encouraged to provide the instructor with specific withholding tax-related questions prior to the class. (Elaine's fax number is (203) 612-2717. Her e-mail address is: elaine@ftrconsulting.net)
To date, the following topics have been confirmed for discussion, however, more are welcome.
Tax Law and Procedure Updates
- Update on statutory tax law changes
- Treaty-related tax rate changes
- Tax relief procedural changes in markets worldwide
- The growing use of electronic filing procedures
Local Custodians and Third Party Providers
- In which countries is the use of a local custodian required for filing tax reclaims, and why?
- Are there mechanisms to avoid using a local custodian, especially when fees are involved?
- The roles of the Depository Trust Company (DTC), Globe Tax Services and Acupay
Canada
- An example of an "address rule" market - how does this contrast to markets requiring beneficial owner disclosure?
European Union
- How has non-discrimination affected cross-border withholding tax in the EU markets?
- Some countries (e.g., Germany Greece and Spain) have increased their tax rates - is this a move away from harmonization?
- Update on the OECD Collective Investment Vehicle Informal Consultative Group Initiative
Germany
- Update on the revocation of the DTC EDS process for German ADRs and the new electronic tax relief process provided by Acupay
The Netherlands
- Tax authority ruling provides exemption from tax for EU-resident pension funds
Spain
- Expedited tax relief on equity and bond income is available through Acupay
Switzerland
- Discussion of treaty-related problems and issues involving non-resident collective investment vehicles
United States
- American Depositary Receipts (ADR) and ADR Sponsor Banks: how foreign tax relief works
- Why are IRS Forms 6166 or beneficial owner attestations sometimes needed with the DTC EDS/ADR tax relief process?
- US pension funds: Several treaties provide 0% rate on dividend income but obtaining exemption can be difficult
IRS Form 8802/Form 6166 Process
- How Acupay is transforming the Form 6166 process
- In-depth discussion of IRS Form 8802/Form 6166 process
- IRS Form 6166 for pass-through entities and collective investment vehicles
- The difference between US "Employer ID" and the US "Taxpayer Identification Number" and why this matters
- What you need to know to make the IRS certification of residence process work smoothly
|
