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DAC6 Compliance & Reporting: From Theory to Practice

DAC6 Compliance & Reporting: From Theory to Practice

Dates

  • • to
    Delivered Online
    €180+ VAT
    Book

Highlights

  • Live Online

  • 3 CPD Units | 3 Hours

The EIMF Live Online Learning Experience

Participants will receive access to the recorded sessions of the course.

EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more

Course Overview

The DAC6 EU Directive aims at transparency and fairness in taxation. DAC6 applies to cross-border arrangements, which meet one or more specified characteristics (hallmarks), and which concern either more than one EU country or an EU country and a non-EU country.

The directive puts the reporting responsibility on EU-based intermediaries, a designation that is broadly interpreted to include anyone who designs, markets, organises, makes available for implementation, or manages the implementation of a reportable cross-border arrangement, or who provides aid, assistance, or advice.

The programme provides participants with a practical understanding of the DAC6 compliance framework and explains due diligence and reporting requirements. Through case studies, participants will gain experience on the reporting preparation and submission.

Training Objectives

By the end of the programme, participants will:

  • Comprehend the scope and intent of the DAC6 EU Directive

  • Understand the roles and responsibilities of intermediaries under DAC6

  • Apply due diligence procedures to assess reportability

  • Identify and interpret the DAC6 Hallmarks (Categories A-E)

  • Determine when a cross-border arrangement qualifies as reportable

  • Gain hands-on insight into the preparation of DAC6 XML reports

  • Review and analyse real-life DAC6 reporting examples

  • Understand reporting timelines and penalties for non-compliance

Training Outline

Overview of the DAC6 EU Directive

  • Purpose and scope

  • Key definitions and regulatory context

Reporting Obligations and Intermediaries

  • Definition of intermediaries and relevant taxpayers

  • Who must report and when

Due Diligence Requirements

  • Assessment of arrangements

  • Record-keeping obligations

Cross-Border Arrangements

  • Criteria for reportability

  • Indicators of cross-border relevance

DAC6 Hallmarks

  • Categories A to E explained

  • Practical interpretation of each hallmark

XML Report Preparation

  • Format, structure, and common pitfalls

  • Demonstration of XML creation tools

Case Studies and Practical Examples

  • Real-world reporting scenarios

  • Lessons learned and discussion

Who Should Attend

  • Employees and executives of financial and non - financial institutions

  • Accountants

  • Internal Auditors

  • Tax Professionals

  • Regulatory compliance officers and professionals

  • Senior Managers

  • Directors

Training Style

The programme is designed to deliver high-level knowledge and insights into the DAC6 EU directive. The training style is both training-focused, involving a combination of presentation and real-live examples, as well as learner-focused, where participants are encouraged to raise questions, seek clarifications and share their opinions from their different perspectives and engage in an exchange of views and personal professional experiences.

CPD Recognition

This programme may be approved for up to 3 CPD units in Accounting and Auditing. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.

Facilitators

  • Efstathios Koufettas

    Efstathios Koufettas

    Stathis is an experienced and dedicated professional in the areas of Securities and Investment, Investment Funds, Regulatory Compliance and International Business planning with a demonstrated history of over 25 years. He started his career in the Bank of Cyprus Public and after 14 years of experience in various departments and positions in the Bank (Retail Banking/Lending/International Banking), left the Bank and moved to Private International Business sector. For 4 years he has served as a Director in an International Energy structure in the Netherlands and from 2018 moved to the Investment Fund industry as to date. Stathis is currently an Executive Director in a Hedge Fund and a non – Executive Director in a Property Fund. Holds a BA (Econ) and an MBA. Also, holds a Professional Diploma in Banking Operations from the American Bankers Association and Diploma in Securities and Investments from the Chartered Institute of Securities and Investments in the UK. Also holds the CySEC’s Advanced Certification Diploma and he is a licensed individual from CySEC with license No 4312. He is an Associate member (ACSI) of the Chartered Institute of Securities and Investment (CISI) and a member of the American Bankers Association (ABA).