Varvara Tseliou, State Street Bank Luxembourg SCA

Varvara Tseliou Varvara Tseliou joined State Street Bank Luxembourg SCA in 2010, and was appointed Chief Finance Officer in 2016. In this role Varvara is responsible for all Finance activities of the Bank, including Accounting and Billing, Tax, Regulatory Reporting primarily to the CSSF and BCL, as well as Financial planning, budgeting and forecasting. Varvara has 15 years’ experience in the banking industry both in Brussels and in Luxembourg

Agenda

11.05-11.40

Transfer pricing in the asset management industry

  • Context, overview and main features
  • How new transfer pricing rules affect the Luxembourg investment fund industry (impact for management companies and asset services)
  • Martina Huppertz

    Martina Huppertz Administration Services Companies Union Investment Luxembourg S.A.


14.05-15.00

Access to Double Tax Treaties for investment funds

  • General overview
  • Modifications introduced through the OECD BEPS initiative (in particular BEPS Action 6)
  • Consequences for Luxembourg investment funds (UCITS and AIFs)

16.15-16.45

Taxes and AML-Newly introduced links:

  • Introduction of a new tax offence in Luxembourg legislation
  • Tax offences as primary offences for AML,
  • Access by tax authorities to AML files of professionals – new EU Directive (DAC5)
  • Impact for the Luxembourg investment fund industry

16.45-17.45

Exchange of information

Exchange of Information

  • introduction on exchange of information in general and how it has evolved over the last few years

Common Reporting Standard:

  • ALFI FAQs
  • Feedback on first reporting under Common Reporting Standard
    Country by Country Reporting:
  • Main features and scope
  • Country by Country Reporting for Luxembourg investment funds and funds’ structures

DAC 6 – automatic exchange of information in the field of taxation in relation to reportable crossborder arrangement:

  • New measures to be introduced and new obligations for advisors
  • Impacts for funds’ structures