Archive
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11/13/2013
PricewaterhouseCoopers Ltd global IRW newsbrief on the IRS release of draft FFI agreement
The Internal Revenue Service (IRS) on October 29, 2013 released Notice 2013-69 (the Notice) addressing foreign financial institution (FFI) agreements and related issues under the Foreign Account Tax Compliance Act (FATCA) and accompanying regulations. The Notice provides...
Published in: Pensions and Funds -
10/29/2013
Summary of amendments to the Trustee Ordinance (October 2013)
With the joint effort of HKTA and STEP Hong Kong Branch over many years working with officials of the Financial Services & Treasury Bureau, the Amendment Bill to the Hong Kong Trustees’ Ordinance was finally passed by Legislative Council on 17 July 2013 with the...
Published in: Trust Law Reform -
10/02/2013
The Inaugural Report on the HK Trust Industry (English version)
This is the Hong Kong Trust Industry Report – A Cross Sector Perspective (June 2013) jointly released by HKTA / KPMG on 17 July 2013.
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10/02/2013
The Inaugural Report on the HK Trust Industry (Simplified Chinese version)
This is the Hong Kong Trust Industry Report – A Cross Sector Perspective (香港信托行业 - 跨行业透视) (June 2013) jointly released by HKTA / KPMG on 17 July 2013.
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10/02/2013
The Inaugural Report on the HK Trust Industry
The Chinese version of the report is now available in Chinese. This is the traditional Chinese version.
The inaugural report on the Hong Kong trust industry, jointly prepared by KPMG and HKTA, titled “Hong Kong Trust Industry – a Cross-sector Perspective”, serves to...
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08/22/2013
PWC Global Newsbrief - IRS opens FATCA on-line registration system
The Internal Revenue Service (IRS) announced the opening of the Foreign Account Tax Compliance Act (FATCA) registration system on August 19, 2013. The registration system will enable financial institutions (FIs) to register and obtain a global intermediary identification...
Published in: Pensions and Funds -
08/22/2013
KPMG Alert - FATCA Registration Portal Open
The IRS has unveiled its new Registration Portal, FATCA Registration Resources and Support Information, providing information relating to the FATCA registration process. The FATCA Registration System is a Web-based system that Financial Institutions (FIs) may use to...
Published in: Pensions and Funds -
08/06/2013
Letter to FSTB on IGA Annex 1
The Working Group (HKTA, HKFI and HKIFA) has been working with FSTB on FATCA and IGA. FSTB recently requested the Working Group to provide comments on possible due diligence concerns / issues that members may experience in implementing Annex I of the Draft Model 2...
Published in: Pensions and Funds -
07/26/2013
FATCA regulatory timelines - PWC - 19 July 2013
PricewaterhouseCoopers have published the attached FATCA regulatory timelines (including final regulations and model inter-governmental agreements.
Published in: Pensions and Funds -
07/26/2013
FATCA timelines for Foreign Financial Institutions (FFIs) - KPMG
KPMG have published the attached FATCA timeline for foreign financial institutions (FFIs)
Published in: Pensions and Funds