Tax
PE risk for French banking & insurance activities: time to get it right!
Luxembourg and France have been very closely linked for centuries. So, it’s only natural that the French market is crucial for Luxembourg banks and insurance companies in terms of local sales activities. As wealth planning solutions in particular require a close presence to clients, most Luxembourg banks and insurance companies sell their services on French […]
EU Commission strikes back! New tax reclaim opportunities for insurance companies
While interest rates continue to be low and policyholders become more sensitive to tax leakage, it is crucial for insurance companies to explore withholding tax reclaim opportunities for their clients. Even though some custodians might propose a tax reclaim service, it is important to ensure that all possible reclaim files are duly submitted and that the righ […]
FATCA and CRS audits: Time to be prepared
Why should you be prepared for FATCA and CRS more than ever? The new Foreign Account Tax Compliance Act (“FATCA”) and Common Reporting Standard (“CRS”) law ratified on 18 June 2020 has not only increased compliance requirements once again but, at the same time, it has reinforced the power of the Luxembourg tax authorities to carry out an audit within a […]
Electric vehicle taxation: who’s leading the pack?
Incentives for a greener future When we think about the future, fighting global climate change features high up on our list of priorities. As part of the 2016 Paris Agreement, most European countries are on board and working towards reducing greenhouse gas (GHG) emissions. Some of the government efforts seen up until now focus on mobility decarbonization (ac […]
Operational Taxes in 2020 – A year in the life of QI, FATCA, CRS & co!
The year 2020. A year of twists and turns…and significant developments in the area of operational taxes! From FATCA and CRS, to QI and TRACE, join us as we take you on a tour of the key changes and highlights. Qualified Intermediary (QI) Periodic Review for Luxembourg banks with QI status The periodic review (to be performed in 2021) will be conducted in li […]
