Spotlight on subscription tax: recent challenges and benefits

Let’s be honest, subscription tax in Luxembourg has never been center stage. Frankly, why would it? For most asset managers, it’s an administrative tax, handled back-office, with easy, straightforward rules. Subscription tax ) is calculated according to the type of fund vehicle and its rate varies between 0.01% and 0.05% with quarterly filings. No big deal. […]

Electronic reporting – why you should focus on the IFRS Taxonomy now

IFRS Taxonomy certainly isn’t new—it’s been around since 2016—but it’s made a comeback as the mandatory adoption date creeps closer. If you’re out of the loop, the date for public companies to prepare consolidated financial statements under IFRS is 1 January 2020. From this date on, all financial reports must comply with the European Single Electr […]