Tuesday, January 9, 2018

The Bahamas Institute of Financial Services - Learn all about FATCA and CRS plus much more in the TAX course


Around the world, the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) regulations have had a profound impact on financial institutions (FIs) as well as companies involved in investing or trading activities resulting in cross-border payments. The Bahamas Financial Services Sector needs to be compliant in order to compete in the international arena.

Learn all about FATCA and CRS plus much more in the course below

Course Outline

This Internationally Accredited course will cover the areas of general taxation principles, comparative tax systems, regional taxation issues in the Caribbean and Latin America, tax reform, indirect taxes, tax administration and tax revenue collection, taxation of foreign investment, taxation of financial institutions, trusts and estates, and tax policy and economic growth.
The course content of the tax certification programme will be delivered by local and international tax, accounting, financial services, and legal experts in four (4) modules of intensive, specialized lectures and training.

Module 1- Fundamentals of Taxation

    General Principles of Taxation
    Mechanics of Tax Systems and the development of tax policy
    Operation of Tax Administration and Tax Revenue Collection
    Interpretation and Application of Tax Legislation
    Comparative Analysis of International and Regional Tax Systems
    Caribbean and Latin American Tax Policy and Tax Reform Issues

Module II - International Aspects of Global and US Taxation

    Supranational Bodies and Global Tax Co-operation
    Tax Information Exchange Agreements (TIEAs) and Domestic Tax Treaties
    US taxation of foreign income of US persons
    US taxation of US income of foreign persons
    US taxation of foreign entities, US beneficiaries of foreign trusts, and other entities
    Tax Avoidance and Tax Evasion Issues
    The Foreign Account Tax Compliance Act (FATCA)

Module III- Trusts & Estates

    Fundamentals of Trusts
    Offshore Trust and Company Administration
    Private Trust Companies (PTCs) and Family Offices
    Wills, Intestate Succession, and Probate
    Tax Issues involving trusts and estates

Module IV- Taxation in the Bahamas

    Taxation and Tax Policy in the Bahamas
    Current Tax Revenue Issues in the Bahamas
    Taxation and Foreign Direct Investment in the Bahamas
    Value Added Tax (VAT) in the Caribbean
    Value Added Tax Legislation in the Bahamas
    Value Added Tax Administration in the Bahamas
    Taxation and tax reform for modern national development

Candidates for this programme will be certified after successful completion of a two hour exam of multiple choice questions. The passing mark for the exam is 70%. An Internationally Accredited Certificate will be issued upon successful completion of the qualification.

    Starts: January 13th
    Time: 9:30am to 12 noon
    Duration: 4 months
    Programme Fee $2,500 members - $3,000 non-members plus a $50 registration fee + VAT. Fee  includes: course materials and international exam

·         Estimated study time 100 hours

Please call our office to register: