We assist high net wealth individuals, family offices and financial institutions by providing personal assistance when setting up structures. Our wealth management services cover:
- Tax structuring of private wealth
- Income tax, net wealth tax, and inheritance & gift tax
- EU Savings Directive / Luxembourg flat tax rate (Relibi)
- Tax treatment of banking products in different countries of residence
- Inheritance and estate planning
- Retirement planning
- Relocations to Luxembourg: Transfer of tax residency, Transmission of businesses
- Coordination work
We render services to a broad range of clients:
- High net wealth individuals
- Top Executives
- Family offices
- Banks and financial institutions (PSF)
- Entrepreneurs
Contact persons:
Claude Poncelet, Partner, claude.poncelet@kpmg.lu,
+352 22 51 51 - 5567
Pierre Crasquin, Manager, pierre.crasquin@kpmg.lu,
+352 22 51 51 - 5470
- Incentive plans (stock options, restricted stock units, phantom stocks, ... )
- Benefits in kind (company cars, ...)
- Advise on issues relating to employee’s assignments (e.g. transfer of tax residency, social security issues)
- Structuring payments for retirements/severance for tax efficiency at foreign locations
- Advise on tax legislation changes that may impact assignees at the host locations
Contact persons:
Claude Poncelet, Partner, claude.poncelet@kpmg.lu,
+352 22 51 51 - 5567
Pierre Crasquin, Manager, pierre.crasquin@kpmg.lu,
+352 22 51 51 - 5470
In the framework of international assignments, our assistance includes:
Exit and entrance interview
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
Home / host country income tax returns
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
Shadow payroll calculations
We also provide tax estimates that may be based on a net salary basis, that take into account salary split situations.
Social security
- 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 (A1) where applicable
Contact person:
André Kayser, Manager, andre.kayser@kpmg.lu,
+352 22 51 51 - 5562
Marie-Eve Garsou, Assistant Manager,
marie-eve.garsou@kpmg.lu, +352 22 51 51 - 5588
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
Marie-Eve Garsou, Assistant Manager,
marie-eve.garsou@kpmg.lu, +352 22 51 51 - 5588