The current move towards more regulations and transparency notably in the tax filed is also impacting banks. Understanding the tax rules, the subsequent reporting requirements is necessary to anticipate and manage tax risks and mitigate the final tax cost.
Given the increasing complexity of those national, EU and OECD regulations, PwC's Academy is offering a training session that gets you up to speed on the main tax considerations and issues for Banks located in Luxembourg and servicing international clients. This training includes the expected changes in the legislation as applicable notably from the OECD numerous recommendations incl. the anti-Base Erosion and Profit Shifting (BEPS).
At the end of the session, participants will be able to:
- Understand the main tax considerations for a Bank in Luxembourg with a vision of the expected changes such as the EU ATAD Directive or the EU DAC 6;
- Understand and manage the tax obligations for a Bank in terms of corporate tax, VAT and tax reporting taking into account the most recent developments.
The course will focus on both direct taxes (corporate income tax, municipal business tax, net wealth tax, withholding tax) and value added tax:
- Introduction to the Banking Industry
- Overview of the Luxembourg corporate tax regime for a Bank (including practical impacts in the corporate tax returns)
- Reporting requirements of a Bank
- Overview of the BEPS actions impacting the Banking industry and of the measures already and to be implemented in EU Directives
- Financial Director
- Employees dealing with tax
Our Lead experts
This training is coordinated by Marie-Isabelle Richardin, Tax Partner in the PwC VAT department, and Murielle Filipucci, Tax Partner in the PwC Tax department.
Marie-Isabelle Richardin has been with PwC’s VAT practice since 2000. Her role at PwC is to assist operators in the financial services industry with their indirect-taxation strategies to help them comply with indirect-tax obligations.
She also gained experience of the international tax world by working 2 years in New York. Marie-Isabelle is a regular speaker at conferences and training sessions on VAT for financial services. She is PwC Luxembourg’s representative in the VAT working groups such as the Luxembourg Investment Funds Association (ALFI), the European Fund and Asset Management Association (EFAMA) and she is chairwoman of the VAT group at LPEA.
Murielle Filipucci is Partner in PwC Luxembourg’s tax practice. With more than 22 years of experience with PwC in International Taxation, she is acting today as Banking Tax Leader.
She actively contributed to the formation of a group of 60 professionals specialising in tax consulting and compliance for the FS industry, including banks, insurance companies and asset managers.
She leads a task force focusing on client challenges resulting from the exchange of information and the changing regulatory environment in the financial services industry. Within this role she developed a dedicated service offering for banks and investment firms and participated to the launch of the PwC Professional of the Financial Sector (so called PFS) Tax Information Reporting Sàrl, a PFS specialised in delivering advisory and reporting services in the field of the automated exchange of information (CRS, FATCA, QI and Tax reportings). She is PwC Luxembourg’s representative in the Tax working group at ABBL.
Language : English
Number of participants : limited to 20 participants, to ensure a high interactivity during the training
Duration : 1 day