Public Speaking

CRS entity classification & reporting in practice: a systematic approach

GENEVA, TUESDAY 17 APRIL 2018, HOTEL LE RICHEMOND, 9.00-12.30



 




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The CRS Reporting Algorithm Explained In Multiple Simple And Complex Scenarios


AGENDA



Rules & Criteria To Qualify As A Reporting Financial Institution:

(Re-Classification And Dual Classification Examples)

  • When does automatic re-classification as passive NFE or active NFE apply?

  • When can an entity hold dual classification?

First Degree Reporting: Account Reporting

(Practical examples of account reporting)

  • depository account,

  • custodial account,

  • cash value insurance contract,

  • equity interest in a trust, company and partner- ship;

  • non-reportable assets and entities

Second Degree Reporting: Entity Classification

(Application of the following CRS entity classifications to a trust, company and partnership: )

  • Reporting Financial Institution;

  • Non-Reporting Financial Institution;

  • Non-Reportable Person;

  • Active NFE;

  • Passive NFE.


Third Degree Reporting: Trust And Underlying Company:

(Analysis Of 14 Combinations)

  • Passive NFE trust, Passive NFE company;

  • Passive NFE trust, Investment Entity company;

  • Investment Entity trust, Investment Entity company;

  • Active NFE trust, Passive NFE company;

  • Active NFE trust, Active NFE company...



 








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