Alert regarding a circular issued by the Luxembourg tax authorities regarding the VAT deduction right. The Luxembourg VAT authorities impose the direct allocation and special prorata methods based on allocation keys other than that based on turnover. This change is applicable as from 2013.
VAT deduction right
Luxembourg boosts cooperation on tax information exchange
AIFM Directive Q&A - Marketing investment funds by non-European managers to European investors
Evolving challenges in PE fund valuation
Evolving private equity operations for growth
The Luxembourg Financial Connection, Issue 19
EU Financial Transaction Tax in January 2014? The Commission’s revised proposal
Your bridge between Europe and China: Luxembourg
Luxembourg: the gateway for Islamic finance and the Middle East
Asset management: achieving a competitive advantage
Today’s asset management industry is marked by increased competition, heightened regulatory scrutiny and growing customer demands for more information and greater transparency – all set against the backdrop of a volatile market. As firms grapple with business issues such as product innovation, evolving fee structures and industry consolidation, they also find themselves needing to devote more time than ever to managing regulatory demands.
Luxembourg provides solutions to many of today’s challenges faced by the asset management industry. With over US$3 trillion of assets in investment funds, covering both traditional and all alternative asset classes, Luxembourg is the largest international investment fund domicile in the World and the leading cross-border distribution hub for investment funds.
Ernst & Young can assist you to set up in Luxembourg, enhance your current product range and operating model, and face issues that affect the asset management industry:
Connect with us
Stay connected with us through social media, email alerts or webcasts. Or download our EY Insights app for mobile devices.