Activity: Organising and attending an event › Attending an event › Professional
Description
Only a few months to go until Finland goes live with its withholding tax treaty claim process for non-resident portfolio investors, being the first country to adopt TRACE, the OECD Treaty Relief and Compliance Enhancement Package.
TRACE was created to streamline the procedures for claiming reduced tax rates by leveraging on the central role of intermediaries, that, when becoming Authorised Intermediaries, agree to the automatic exchange of information, thus taking advantage of the opportunity to simplify cross-border investments for its clients.
Learn about the real advantages of TRACE, for Finland introducing some adaptations, for potential further countries adopting this regime, and last but not least for clients and their custodians registering as AI. Are there Challenges for the industry and how do experts assess the success of this initiative regarding the potential for second and third movers?