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Mandatory disclosure requirements (DAC6)

Wednesday, 18 November 2020 | 2:30 p.m. – 5:30 p.m. | 2,5 CPD

Wednesday, 18 November 2020 | 2:30 p.m. – 5:30 p.m. | 2,5 CPD

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Webinar overview

This webinar is for professionals/tax specialists involved in advising local and foreign groups with international interests on how to implement EU tax related directives. The OECD Action Plan on Base Erosion and Profit Shifting (BEPS) indicates the start of a new era in the field of international tax. In particular, it requires taxpayers to disclose aggressive tax planning arrangements. Action 12 of the BEPS Action Plan targets this objective. DAC6 is a direct offspring of Action 12 of BEPS. It imposes an obligation to disclose potentially aggressive tax planning arrangements and sets the means for tax administrations to exchange this information. This webinar will update the participants on the main provisions of DAC6 and their practical application.

Agenda

Join the webinar (2:00 p.m. – 2:30 p.m.) *

Sessions (2:30 p.m. – 5:30 p.m. including two 15-minute breaks between sessions)

- DAC history

- DAC6 in a nutshell

  • Timeline
  • Progress of implementation
  • Member state’s approach
  • Local implementation – spotlight on Cyprus

- Meeting reporting obligation: step by step approach

  • Is there a cross-border arrangement?
  • Is that cross-border arrangement reportable?
  • Who has the obligation to report?
  • What should be reported and when?
  • Penalties

- Hallmarks and examples

  • The main benefit test
  • Generic hallmarks linked to the main benefit test
  • Specific hallmarks linked to the main benefit test
  • Specific hallmarks related to cross-border transactions
  • Other specific hallmarks not linked to the main benefit test

- How to prepare for the mandatory disclosure requirements

  • MDR compliance: what you should consider doing now?

Participants

This webinar is addressed to  CEOs, CFOs, Accountants, Lawyers, Tax Consultants, as well as professionals who apply in practice the provisions of Tax Legislation.

Registration

Cost: €120*

To register for the webinar, please complete the registration form. Once your registration is submitted, you will receive an email stating the participation fee, including any discounts, if applicable. Kindly note that the payment should be settled at least two days prior to the webinar’s date for your registration to be confirmed.

 

*Last Date for 10% Early Bird Discount:  29/10/2020

 

Other discounts available:

  • For more than two (3+) participants from the same company a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for participants who enrol in the same webinar, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.

  • For individuals/legal entities who/which register in more than two (3+) webinars during the same semester (January-June & July-December), a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for individuals/legal entities who/which enrol in more than two (3+) webinars during the same semester, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.

  • There is a 10% discount for alumni members. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the early bird discount and the HRDA subsidy, when applicable.

  • There is a 10% Early Bird discount on selected webinars for participants who enrol in a training course until a specific date which is stated above. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the HRDA subsidy, when applicable.

  • HRDA subsidy for all HRDA approved webinars. 

Contact

For any queries, please contact Irini Avraam on +357 22 207 460 or at academy@kpmg.com.cy.

 

CPD:  This webinar may contribute to Continuing Professional Development requirements.  Shortly after the webinar’s date, participants will receive electronically a certificate of attendance confirming the total number of training hours (2,5 CPD).

Trainers

Markides Costas
Board Member, International Tax & Corporate Services, KPMG in Cyprus

Costas is a Board Member at KPMG in Cyprus, heading the International Business department. He is specialising on International Tax matters, possessing more than 17 years of experience in the field.

Costas is a Southern Illinois University graduate, holding a postgraduate degree in Accountancy with a special concentration in International Taxation. He has been the recipient of two full academic scholarships and has graduated first in his class at the College of Business Administration with a perfect score.

Costas is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants (AICPA). He is also a member of the Cyprus Institute of Certified Public Accountants (ICPAC) and a member of the Institute’s Tax Policy and Planning committee. Costas is also serving as an advisor to the Ministry of Finance on issues relating to double tax treaty negotiations and policy. He is a regular speaker at various conferences in Cyprus and abroad. Furthermore, he is the author of numerous Tax related articles that have been published in Cyprus and the US. 

 

Anchugova Katerina
Manager, International Tax & Corporate Services, KPMG in Cyprus

Katerina is a State University of Management (Moscow) graduate, holding a Bachelor’s degree in Accountancy & Audit. Katerina is a member of the Institute of Professional Accountants of Russia (IPAR).

Before joining KPMG in Cyprus, Katerina had been employed for 10 years in one other Big 4 firm, working 5 years in Moscow and then 5 years in Cyprus. As of June 2019, she joined KPMG in Cyprus as a Manager in International Tax & Corporate Services Group.

Katerina has more than 15 years of experience in the fields of corporation tax and tax compliance and more than 7 years of experience in the field of international taxation. She has been involved in a number of international corporate restructuring projects and she is experienced in tax due diligence and international tax structuring.

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The programme has been approved by the HRDA. Enterprises participating with their employees who satisfy HRDA’s criteria, are entitled to subsidy.

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