Luxembourg

FATCA 

Luxembourg signed a FATCA (Foreign Account Tax Compliance Act) Model 1 IGA with the Unites States for the exchange of tax information.

Background

The Luxembourg government set up with the IGA a legal framework compelling all Luxembourg Financial Institutions to comply with a set of due diligence, withholding and reporting requirements.


Pursuant to the agreement, FATCA rules apply to all Luxemburg financial and non-financial entities. This is irrespective of whether they have US investors or no US investors, whether they have US or only non-US investments.

In the Spotlight



In this issue, Sarah Brook speaks to Gerard Laures on the FATCA agreement (IGA) signed by Luxembourg.

Don't see the video? Please click here to access.

How we can help

Complying with the FATCA rules will not only be a major compliance task to fulfill due to extended information reporting but will also influence your business strategy and the markets you serve.
 
Now that the IGA has been released, we can help you achieve smart Luxembourg compliance towards FATCA…

 

…we focus on all you need, not more, not less.

 

Timeline

Hover your mouse over the picture to display the different dates and details or click here to access a printable version (PDF, 367 KB)
 
IRS registration
 
Due diligence
 
Withholding
Reporting

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Get in touch with KPMG

Contact

Tax

Gérard Laures

Partner

Tel. + 352 22 51 51 - 5549

gerard.laures@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

 

Advisory

Jean-Pascal Nepper

Partner

Tel. +352 225151 - 7973

jean-pascal.nepper@kpmg.lu