Executive Summary The Foreign Account Tax Compliance Act (FATCA) is a critical piece of U.S. legislation designed to combat tax evasion by U.S. persons holding offshore financial assets. It mandates…
1. What is the purpose of the Foreign Account Tax Compliance Act (FATCA)? FATCA is a key initiative by the U.S. government to combat tax evasion by U.S. persons who…
What is "digital operational resilience" in the financial sector? Digital operational resilience refers to a financial entity's comprehensive ability to build, assure, and review its operational integrity and reliability. This…
I. Introduction and Scope This guidance is crucial for all AIFMs, including Internally Managed Alternative Investment Funds (AIFs), authorized or registered by the CBI, or those managing/marketing AIFs in Ireland.…
1. Introduction and Core Purpose The DORA oversight framework is established to address the growing reliance of financial entities (FEs) on external Information and Communication Technology (ICT) services and the…
1. General Provisions What documentation should be consulted? Amended Law of 18 December 2015 Amended Grand-Ducal Regulation of 15 March 2016 ACD official FAQs Circular ECHA No. 4 CRS XSD…
1. ECHA - n° 4 The ECHA - n° 4 serves as a detailed guide for Luxembourgish RFIs on fulfilling their CRS reporting obligations. It covers various aspects of XML…
1. Introduction and Core Objective The primary objective of this reporting is to combat VAT fraud by enabling competent authorities of Member States to control the supply of goods and…
Overview of the Crypto-Asset Reporting Framework (CARF) and its implications for global tax transparency. Key Takeaways: Global Initiative for Tax Transparency: The Crypto-Asset Reporting Framework (CARF) is an OECD-led international…
Source: "Crypto-Asset Reporting Framework XML Schema: User Guide for Tax Administrations – Version 1.0 – October 2024" (OECD, 2024) 1. Executive Summary This post outlines the key themes and essential…