Updating Foreign Account Tax Compliance Act (FATCA) and Automatic Exchange of Information (AEoI)

Background:
Automatic Exchange of Information (AEOI) to exchange financial account information in tax matters internationally, is much in the news these days. This new global initiative is intended to reduce possible (offshore) tax avoidance and evasion. There are at least two types of frameworks on exchange of information that will impact Indonesian taxpayers and financial institutions.

Firstly, The Foreign Accounts Tax Compliance Act (FATCA) launched by US. FATCA provisions impose a 30% withholding tax on certain U.S. source of payments made to foreign financial institutions (FFIs) and non-financial foreign entities (NFFEs). This provision is intended for such entities that refuse to identify certain U.S. investors, even if such U.S. persons directly or indirectly hold only non-U.S. assets. The provisions are effective for payments made after January 1, 2013 and will be implemented in 2017.

Secondly, Global Forum on Transparency and Exchange of Information for Tax Purposes – OECD setup a new AEOI framework. Participating jurisdictions that implement AEOI exchanged their pre-agreed information each year, without having to send a specific request. To implement this global standard, the participating jurisdictions should refer to a model agreement, a common reporting standard (CRS), a commentary on interpretation and basic data for an information technology solution. This model is also endorsed by G20 and will be implemented by Indonesia in 2018.

Topics Covered:

1. Introduction: Recent Updates of AEOI,
2. Fundamental Concept and Critical Point of FATCA,
3. Updating FATCA regulation,
4. Framework and Model of CRS,
5. Legal framework in Indonesia to Implement FATCA and CRS,
6. Expected Implications for Indonesian Taxpayers and Financial Institutions.

15% discount will be given if the fee has been paid at least 20 days before the starting date of the training.

All participants of DDTC Academy will get “Kartu Peserta Training”. Get 20% discount to subscribe to the next training programs and valid until December 2017. (for only 3 (three) more training programs).

1. Participant can join in one or more than one topic in the same or different series;
2. We offer special price for participants that enroll in all topics in the same series (bundling price);
3. We also offer a private group program that requires a minimum of 10 participants under reservation procedure and notification at least two weeks before;
4. For Tax Policy Training series, we can also provide the hotel accommodation and arrange transportation from airport to hotel with our negotiated special rates with Harris Hotel Kelapa Gading-North Jakarta.

 Only one discount is available at the time the registration is made.

OUR EXCELLENCE:

• Teachers  who are  multitalented  professional and experienced in handling tax disputes which are supported by a dedicated tax research team
• Teaching materials are developed based on theory and empirical experience and in accordance with the latest developments (up to date)
• The teaching curriculum structure is based on standards offered by leading educational institutions with comparative and multidisciplinary approaches
• Have  an  extensive  network  with  various tax stakeholders in Indonesia

 OUR FACILITIES:

• The best and most comprehensive professional training facilities (theater classes, free Wi-Fi, modern facility, moot court simulation room)
• Library  access  of  more  than  2000 taxation books and journals
• Exclusive training kit (goodie bag, notepad, pen)
• Obtain ‘Kartu Peserta Training’ that can be used as a discount card to attend re-training and purchasing of DDTC publications
• Obtain “Certificate” and “CD Material” including all materials
• Meal for lunch and Coffee break are provided

All training programs in DDTC Academy will be presented not only in Bahasa Indonesia but also in English depending on needs and the training will be held in DDTC Academy:

Menara Satu Sentra Kelapa Gading
5th Floor, Unit #0501  
Jl. Bulevar Kelapa Gading LA3 No. 1
Jakarta Utara 14240, Indonesia
P: +622129385758
F: +622129385759

For more information regarding administrative policies, or for further assistance, please contact:

Eny Marliana
Mobile: +628158980228
Email: [email protected]

Ana Lailatul
Mobile: +6282114239142
Email: [email protected]