Luxembourg

Investment management 

Lately, Luxembourg funds felt the impact of the global financial and economic crisis, seeing the value of their portfolios fall significantly. In such market conditions, KPMG’s Financial Services Professionals leverage their deep industry knowledge and their experiences gained from working with industry leaders to help our clients navigate through, and address, the myriad of issues and challenges they face.


The investment management industry comprises a vibrant market place where participants look across the globe for sources of wealth and attractive opportunities in traditional and alternative investments.

Aberdeen tax Reclaims
In 2009, the ECJ decision in the Aberdeen Case was a milestone judgment for the abolishment of the discriminatory taxation of cross-border dividends.  Great opportunities for investment funds to reclaim millions of unduly paid withholding taxes.

BEPS
Base Erosion and Profit Shifting (BEPS) is a worldwide intense project of modernization of the international tax system that may affect most multinational enterprises.

Fund Taxation 
Participants in the global investment management industry are facing unprecedented complication of managing their tax affairs both locally and across multiple jurisdictions.

Exchange of information
Tax transparency and automatic exchange of information initiatives at both European Union (EU) and international level will require significant attention in the months to come.

FATCA
Enacted in March 2010, the goal of FATCA is to obtain information relating to U.S. persons that have offshore accounts or investments in order to combat offshore tax evasion by such persons.

Savings Directive
The European Union Savings Directive (EUSD) foresees a 35% withholding tax or exchange of information regarding cross-border interest payments.

Tax Reporting
Participants in the global investment management industry are facing unprecedented complication of managing their tax affairs both locally and across multiple jurisdictions.

VAT
Participants in the global investment management industry are facing unprecedented complication of managing their tax affairs both locally and across multiple jurisdictions.

Get in touch with KPMG

Contact

Sébastien Labbe

Partner

Tel. +352 22 51 51 - 5565

sebastien.labbe@kpmg.lu

 

Gérard Laures

Partner

Tel. + 352 22 51 51 - 5549

gerard.laures@kpmg.lu

 

Laurent Engel

Partner

Tel. + 352 22 51 51 - 5535

laurent.engel@kpmg.lu

 

Frank Stoltz

Partner

Tel. + 352 22 51 51 - 5520

frank.stoltz@kpmg.lu

 

Jean-Paul Olinger

Director

Tel. +352 22 51 51 - 5573

jeanpaul.olinger@kpmg.lu

 

Heike Weber

Director

Tel. +352 22 51 51 - 5418

heike.weber@kpmg.lu