Das TRACE (Treaty Relief and Compliance Enhancement) Implementierungspaket ist ein in sich geschlossenes Paket von Vereinbarungen und Formularen, das von jedem Land verwendet werden kann, das das Autorised Intermediary ("AI")-System implementieren möchte. Das AI-System ist ein standardisiertes System zur Beantragung von Quellensteuererentlastungen bei Portfolioinvestitionen. TRACE wurde gemeinsam von der OECD, der Finanzindustrie und Steuerbehörden entwickelt. Die Idee von TRACE besteht darin, das Investoren die ihnen zustehenden ermäßigten Sätze ohne übermäßigen Verwaltungsaufwand einfach und effektiv in Anspruch nehmen können, aber auch darin, die Verwaltungskosten für alle Beteiligten durch standardisierte Verfahren und Steuerreporting zu minimieren. Zum 1. Januar 2021 verabschiedet Finnland als erstes Land das neue TRACE-Implementierungspaket.
Im Rahmen einer virtuellen Podiumsdiskussion haben wir zusammen mit Experten der finnischen Steuerbehörde und großen Finanzinstituten die Auswirkungen des neuen Regimes und die neuen Möglichkeiten, die sich für globale Finanzinstitutionen ergeben, erörtert. Die folgenden Themen wurden behandelt:
Katja Pussila works as a Senior Adviser at the Finnish Tax Administration and focuses on tax issues related to the Financial Sector. She is an OECD TRACE Model expert with a broad background in cross-border withholding tax issues - all the way from the withholding to the relief at source and refund claims. She has been involved with the TRACE implementation from the very beginning. During the legislative process, she represented the Tax Administration in the committee hearings and is a member of the Tax Administration's TRACE project group that is responsible for the detailed guidance and technical reporting solutions.
Antti Leppänen is a Partner and the Head of Financial Services Tax at KPMG Finland. He has advised financial institutions on various tax issues related to corporate and operational taxes. Before joining KPMG in 2006, Antti worked at the group legal and tax department of Nordea Bank where he was responsible for providing tax advice to all parts of business.
Panu Kettunen has 20 years of experience from the securities industry, particularly in the Finnish post trade market. As a Market Specialist he acts as a local relationship contact and his speaking partners are the network managers of the biggest Investment Banks, Global Custodians and Broker Dealers globally. He has been involved in the major initiatives and developments in the Finnish post trade industry, and participates in the local working groups such as groups under Finance Finland and Euroclear Finland.
Philippe Sebagh has 29 years of experience in international financial taxes: He worked for Societe Generale Group in Luxembourg, in the United Kingdom, in Switzerland and has been working in France for 4 years as Societe Generale Group Global Tax expert for FATCA, QI, AEoI and TRACE. Philippe has been involved since the very beginning on Qualified Intermediary discussions and after that on FATCA as the French spokesman with the US authorities as part of the European Banking Federation delegation and has been the Chairman of the French Investment Funds Association FATCA/QI working group for a decade. As a member of the OECD’s Business Advisory Group, Philippe has also been working on TRACE since the very beginning.
Rémi joined BearingPoint in 2011 and is the deputy product manager of the FiTAX reporting solution. He is an expert in regulatory tax reporting regimes such as QI, FATCA, CRS and DAC6. He supported many FiTAX software implementation projects at financial institutions in the U.S., Europe and Asia.
Jean joined KPMG in 2008 where he acquired in-depth knowledge and expertise of the Financial Services, Banking, and Investment Funds Industries. In 2013, he went on a 3-months secondment within the “U.S. Tax Withholding and Reporting” team of KPMG New York.