Special Edition Webinar - IRD Reporting for Trusts, CRS and FATCA compliance for 30 June 2019
Under the Tax Administration Act 1994, the rules regarding required IRD reporting for Trusts have been in effect since 1 July 2017
Description
This webinar is about . . .
. . . The requirement to report certain information regarding trusts to the IRD, based on the Common Reporting Standard (CRS) to satisfy FATCA (Foreign Account Tax Compliance Act) requirements. These rules are aimed at reducing tax evasion around the globe.
As many Accountants act as Trustees, or have trustee companies, there is a need to understand what these reporting requirements are, and what sort of information is required to be reported to the IRD for client trusts.
The next reporting date is 30 June 2019 - for trust information up to 31 March 2019
What do you, as an Accountant, need to understand and come to grips with?
Will you be required to report for your trust clients?
Will you be able to report on time?
This webinar is aimed at unpacking and explaining the rules, and providing practical advice for reporting to IRD. We will clarify for Accountants, who are and aren't, caught within the CRS/FATCA rules. This webinar will provide you with what you need to know to comply.
Highlights of the Webinar 
- Requirements under the TAA
- Explaining CRS and FATCA
- Scope of the rules and compliance obligations - what the rules are about
- Role of the Accountant
- What type of trusts are caught?
- What information is required?
- How should reporting be done?
- Penalties for failure to comply
CPD Hours and Recordings
This webinar has 1.50 CPD Hours.
The recording and the slides will be sent to you shortly.
Presenters
Ping S'ng
Ping is a Chartered Accountant and a Lawyer with over 30 years' experience. Ping enjoys the challenge of being able to provide practical advice and solutions to clients. She previously presented webinars various topics including the Anti-Money Laundering Rules, Getting Rid of Companies, Financial Reporting Changes.
Who should attend?
Accountants who act as Trustees or have trustee companies