fatca - format informatique et...

FATCA - Format informatique et procédure

d’envoi des informations

FATCA - IT-format en verzending

van gegevens

May 5, 2015

In cooperation with

Programme

Introduction : Rappel du contexte et du

calendrier FATCA

14:00 Inleiding: Korte schets van de context en het

FATCA-tijdschema

Le cadre légal et réglementaire De regelgeving

Le format informatique

SPF Finances

Format informatique et spécificités « belges »

Mode de transmission des informations au SPF

Finances : présentation du nouveau portail

L’environnement de test : quand et comment ?

‘Nihil reporting’ : obligations des institutions

financières sans ‘US persons’

Ressources online

14:15 Het IT-format:

FOD Financiën

IT-format en ‘Belgische’ specificaties

Verzending van gegevens naar de FOD Financiën:

voorstelling van de nieuwe portaalsite

Tests: hoe en wanneer?

‘Nihil reporting’: verplichtingen van de financiële

instellingen zonder ‘US persons’

Online voorzieningen

Q&A 15:30 Q&A

5/5/2015 2

“The era of bank secrecy is over”

G-20, April 2009

Supported by the OECD 5/5/20153

http://www.google.be/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&docid=1MF4uDAz4cp8gM&tbnid=FRQ2eot993peaM:&ved=0CAUQjRw&url=http://globecartoon.wordpress.com/tag/bank/&ei=yuwZU43YNZCUhQeii4GwDA&bvm=bv.62578216,d.ZG4&psig=AFQjCNGKteKMCawEbbj6-Sj5E4CFUkRFKg&ust=1394294256181216

http://www.google.be/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&docid=1MF4uDAz4cp8gM&tbnid=FRQ2eot993peaM:&ved=0CAUQjRw&url=http://globecartoon.wordpress.com/tag/bank/&ei=yuwZU43YNZCUhQeii4GwDA&bvm=bv.62578216,d.ZG4&psig=AFQjCNGKteKMCawEbbj6-Sj5E4CFUkRFKg&ust=1394294256181216

4

‘Hire Act’ US

Joint

Statement

US+Big5

‘Doubts period’

FATCA : origin & developments

2010 2/2012 7/2012 2013

Towards IGA’s

IGA

DE

IGA

IE

IGA

DK

IGA

BEIGA

UK

Model IGAFinal

Regulations

IGA

FR

IGA

NL

Strong legal

concerns/issues in

the EU

Crisis

+

International tax evasion

5/5/2015

2008

5

Belgian

Legislation

AEOI

FATCA : origin & developments

2014 June/July 2015 ???

First FATCA

Reporting

Draft

Guidance

BE

5/5/2015

Final

Guidance

BE

Belgian IGA

Steven Vanackere, December 2012

+ in parallel : development of the CRS OECD & EC Cooperation Directive

Reporting only

possible if the

appropriate legal

framework exists !

Febelfin works on FATCA

2010-2012

Recognitionphase : legal andpractical issues

2013

Draft IGA + Draft Belgian

Guidance

2014-2015

Implementationand IT issues

| 65/5/2015

In parallel of FATCA : extension of the “Global” AOEI Administrative cooperation Directive & the ‘Common Reporting Standard’

OECD : Common Reporting Standard• One single uniform system

• Content may vary but is intended to be broad : all type of income

(savings, professional income, real estate, dividens, capital gains, royalties, …)

EU Commission : Administrative Cooperation Directive• All EU countries

• On all type of revenue : interests, dividends, capital gains, …

• Overlap with the (existing) Savings Directive

+ Extension/integration of the Savings DirectivePersonal and material scope will be integrated in the AC Directive

75/5/2015

Overlap

Automatic exchange of tax information in Belgium An overview

INT

ER

NA

TIO

NA

LN

AT

ION

AL

Savings Directive= only on interests op persons

AEOI since 2010 (before :

withholding tax)

Savings Directive Broadenend• Also Entities under beneficial owners

• Type of interest-like revenues (insurance)

Considering the agreement, as from 2016 – fi reporting 2017

FATCA - IGA= US rules

Identification of US

persons +

Balances, revenues,

payments

As from July 1, 2014

OECD CRS +

EU AC DirectiveBoth will be integrated in one

common system (also together

with Savings Taks Directive

Parallel to FATCA

Additional

pension scheme= annual reporting

considering the tax

benefit

In force. No difficulty.

SPOC – Bank Secrecy NBB= annual reporting annuel on the ‘existence of’

No balance, no revenue, no operation

New in 2014 for accounts (as from 2010

In 2015 for contracts (as from 2014)

5/5/2015

Possible impact?

integrated

in

Limited convergence between the different tools

Unique Automatic information Exchange

tool

?

Savings Directive

FATCA

CRS - ACD (OECD + EC?)

Other (TRACE, …)?

95/5/2015

Necessity to remain

• Realistic

• Comprehensive

• Efficient

In a first stage : FATCA

and the CRS/DAC will

be 2 coexisting systems

Belgian internal legislation

New Belgian draft legislation= framework for the AEOI

• General framework for Automatic Exchange of Information• Fatca – as from July, 1 2014 - First reporting June, 30 2015

• CRS – Starting January, 1 2016 – First reporting in 2017

Currently in IKW

Adoption before the summer???

Publication BS/MB by June (optimistic) or July-August (realistic)?

5/5/2015 10

• Privacy issues

• AEOI rather new in Belgium

Febelfin wishes clarity from the Authorities, for all stakeholders

(reporting entities and clients) : Official communication needed

GENERAL ADMINISTRATION OF TAXES

FATCA - IT format and

exchange of information

Information session

05/05/2015


12

Introduction: agenda

1. IT Format and Belgian specifications (business rules)

2. Sending data to the FPS Finance: via MyMinfinPro

3. Testing: how and when?

4. “Nihil reporting”

5. Online services


13

1.a. IT Format: Schema

• SCHEMA:

XSD Format defined by IRS

Same format used to send information from the Belgian financial institutions to the FPS Finance

Specifications on each data element and its attribute in the FATCA XML User guide V1.1


• Validations by FPS Finance

Phase 1: validations by the portal MyMinfinPro (XSD)

Phase 2: validations by the back-office FATCA (BR BE)

• Purpose

Improve the quality of the FATCA data that will be transmitted to the

IRS

Avoid that IRS should come back too many times to the Belgian tax

administration to request clarifications on the information that has

been sent before. This would mean that, in most cases, the tax

administration has to go back to the Belgian financial institution.

In accordance with:

XML user guide

IGA BE-US

Experience from the test of FPS Finance on IDES platform (IRS)

14

1.b. IT Format: Validation


2. Sending data to the FPS Finance

• Via MyminfinPro

Prerequisite: role FATCA (see separate

presentation by FedICT)

=> access to MyMinfinPro

15

FATCA role assignment

April 2015Final version

Alexander Arens – Service Manager FEDICT - Identity Access and Authorisation

INEDX

© Fedict 2011. All rights reserved | p. 17

1. High Level Overview 3

2. My eGgov Role Management 6

3. Role Assignement – Acceptation - Validation 8

4. Support & Questions 14

FATCA userFATCA

Identification &

Authorization

User

Legal representative

Chief Access Manager

Providing access


Permissions

FATCA

Role

Work

flow

Access Manager for

Domain FINANCE

1 -Fedict IAA Services – high level overview


2 – My eGov Role Managementhttps://iamapps.belgium.be/rma

Follow invitation workflow – chapter 5 user manual

https://iamapps.belgium.be/rma

3. Role Assignement – Acceptation –Validation

3 -Role Assignement – Acceptation -Validation

1 – Access Manager generates and sends invitation

2 – User accepts invitation

3 – Access Manager validates acceptation

4 – User is allowed to access the FATCA Website

Support :

Access Management : Social Security : 02 511 51 51

Fedict Role Management : [email protected] - 0800 16 586

FATCA Technical : [email protected]

FATCA Business : [email protected]

QUESTIONS ?

mailto:[email protected]




23

1. Connection to MyMinfinPRO:

URL: https://eservices.minfin.fgov.be/portal/fr/public/pro/welcome

2. Choose portal dedicated to enterprises

3. Connect via the selected authentication method (eID or token).

4. Select the authentication mode "in the name of an enterprise“

5. Via the menu FATCA (Production) or FATCA SIMULATION (Test) access the page if you want to send a valid FATCA file or view the history of submitted files and their status.

=> Release in Production: expected on 4/06/2015


https://eservices.minfin.fgov.be/portal/fr/public/pro/welcome


24



25



26



5

ADMINISTRATION GENERALE DE LA FISCALITE



28

Production



29

Production



30

TEST



31

TEST



3. Testing: Planning

• Phase 1:

Content:

Testing connectivity: Connect to the portal MyminfinPro

(https://eservices.minfin.fgov.be/portal/fr/public/pro/wel

come) based on the role (Fedict) FATCA;

3 validations are performed:► XSD Validation: sending and validation check of the XML file;

► Verification if the financial institution that sent the file corresponds to the

financial institution specified in the XML;

► Verification if the income year selected on the portal MyMinfinPro

corresponds to the income year specified in the XML.

Transmitting an acknowledgment by FPS Finance to

the email address specified in MyMinfinPro.

Planning: possibility to test phase 1 since April 2015

32


3. Test: Planning

• Phase 2

Content:

Testing connectivity: Connect to the portal MyminfinPro

(https://eservices.minfin.fgov.be/portal/fr/public/pro/wel

come) based on the role (Fedict) FATCA;

4 validations are performed :► XSD Validation: sending and validation check of the XML file;

► Verification if the financial institution that sent the file corresponds to the

financial institution specified in the XML;

► Verification if the income year selected on the portal MyMinfinPro

corresponds to the income year specified in the XML.

► Validation of the specific Business rules defined by FPS Finance

Transmitting an acknowledgment by FPS Finance to

the email address specified in MyMinfinPro.

Planning: Possibility to test phase 2 expected on 6/05/201533


4. Nihil Reporting

Who? For all FI’s that have registered on the website of the IRS

and were issued a Global Intermediary Identification

Number (GIIN) and have no reportable accounts.

Purpose

Procedure via MyMinFinPro

34


35

Mandatory

4. Nihil Reporting


5. Online Services

• E-services FATCA URL:http://financien.belgium.be/nl/E-services/fatca/

Regular update

36

http://financien.belgium.be/nl/E-services/fatca/


5. Online Services

37

• Structuur (nl):

Section “Actueel”

Opmaak van FATCA-XML-bestanden

XSD-schema en documentatie

Webtoepassing “EOI XML Tool”

Versturen van FATCA-XML-bestanden

Versturen van FATCA bestanden

Test van de indiening van bestanden

Documentatie

FAQ en documentatie

FAQ

Praktische documentatie

Rechtsgronden en administratieve

akkoorden

Contact

voor technische vragen:

[email protected] of via het

Contact center: 0257/257 57

voor andere vragen over FATCA:

[email protected]

• Structure (fr):

Section “Actualité”

Création de fichiers XML FATCA

Schéma XSD et documentation

Application Web “EOI XML Tool”

Envoi de fichiers XML FATCA

Envoi de fichiers XML FATCA

Envoi de fichiers test

Documentation

FAQ en documentation

FAQ

Documentation pratique

Bases légales et accords administratifs

Contact

Pour les questions techniques:

[email protected] ou via le

Contact center: 0257/257 57

Pour les autres questions relatives à

FATCA: [email protected]


5. Online Services

• EOI XML Tool In development:

Web-based application

Purpose: a backup tool for FIs with a limited number of

reportable accounts to allow them to generate a valid

FATCA XML-file through manual input of data

elements.

Submitting the FATCA file via MyMinFinPro is still

necessary

Planning:

Availability on the e-services webpage expected on

4/06/201538


Questions ?

39


Contact points

40

Voor technische vragen:

- [email protected]

- of via het Contact center:

0257/257 57

Voor andere vragen over

FATCA:

- [email protected]

Pour les questions techniques:

- [email protected]

- ou via le Contact center:

0257/257 57

Pour les autres questions

relatives à FATCA:

- [email protected]





Febelfin vzw/asbl

Belgian Financial Sector Federation

www.febelfin.be

THANK YOU!

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