In the framework of international assignments, our assistance includes:
At your request we will arrange tax counseling sessions with assignees at the start and completion of an assignment. Counseling sessions will cover the following:
- Tax implications of employment income, deferred compensation plans including stock options, investments and pensions
- Advise on standard personal tax planning and assignee specific tax matters
- Residence status in home and host countries
- Review the implications of sale or rental of a principal residence
- Provide background material to assignee
Assistance with the preparation and filing of tax returns on behalf of expatriate assignees:
- Preparation of home / host country tax returns for all authorized assignees, including any required estimated tax declarations, amended returns, and other tax related forms as required under such countries’ laws
- Preparation of any necessary extensions on an as needed basis
- Preparation of all routine correspondence with taxing authorities concerning returns prepared
We also provide tax estimates that may be based on a net salary basis, that take into account salary split situations.
- Global efficiency reviews to ensure compliance in terms of social security
- Planning services for key individuals, specific assignee population flows and specific categories of workers
- Application for the relevant certificates of coverage (E101) where applicable
- Calculation of the employee’s monthly remuneration
- Completion of administrative formalities with the Luxembourg tax and social security authorities
- Delivery of annual compensation statements
- Analysis and optimization of the employee’s remuneration package (benefits in kind, salary split…) and alternative schemes (pensions plan, stock options…)
- Calculation of gross-to-net and net-to-gross tax estimations
- Application for social security assignments (certificate of coverage)
- Application for the highly skilled workers tax regime
- Payroll review
- Management of cross-border employment situations
Contact person : André Kayser, Manager, andre.kayser@kpmg.lu, +352 22 51 51 - 5562
International assignment
Advise on issues relating to employees assignments (i.e. tax residence and social security positions):
- Structuring payments for retirements/severance for tax efficiency at foreign locations
- Advise on tax legislation changes that may impact assignees at the host locations
Private wealth management
We assist high net wealth individuals and provide personal assistance when setting up structures. Our wealth management services cover:
- Income tax, net wealth tax, and inheritance & gift tax
- EU Savings Directive / Luxembourg flat tax rate (Relibi)
- Difference of treatment between banking products offered by a Luxembourg bank and a bank located in the country where the taxpayer is tax resident (for non-resident clients)