Tax Services
- Overview
- About Our Global Tax Services
- Cash Tax Planning
- Country Tax Advisory
- Cross Border Advisory
- Customs and International Trade
- Global Compliance and Reporting
- Global Mobility
- Law
- Performance and Reward
- Personal Taxes
- Tax Accounting
- Tax Performance Advisory
- Tax Policy and Controversy
- Transaction Taxes
- Transfer Pricing and Tax Effective Supply Chain Management
- VAT, GST and Other Sales Taxes
Tax Library
Advisory library
| Title | Topic | Date |
|---|---|---|
| Tax alert: VAT deduction right | VAT, GST & Other Sales Taxes - Luxembourg 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. | 20130515May 2013 |
| EYe on Luxembourg Tax: Luxembourg boosts cooperation on tax information exchange | Tax Policy and Controversy - Luxembourg Following Luxembourg’s adoption of a Law in March 2013 on administrative cooperation between EU Member States in the field of taxation, Luxembourg also announces automatic exchange of information on interest payments as of 2015. | 20130508May 2013 |
| Tax alert: Luxembourg draft law proposes unconditional deferral of exit taxes | Cross Border Advisory - Luxembourg On 15 March 2013, the Luxembourg government submitted a draft law to the parliament amending the exit tax rules for individuals and companies. The draft law provides for an unconditional payment deferral of the capital gains tax until the actual disposal of the transferred assets or the transfer of tax residence outside of the European Economic Area (EEA), i.e., the other 26 Member States of the European Union as well as Iceland, Liechtenstein and Norway. | 20130507May 2013 |
| Tax alert: Opinion of the Advocate General on the VAT deductibility right of costs incurred in the implementation of pension funds | VAT, GST & Other Sales Taxes - Luxembourg On 18 April 2013, the Advocate General released its conclusions in the case C-26/12 PPG Holdings B.V. c.s. which was referred to the European Court of Justice (ECJ) by the Dutch Court Gerechtshof te Leeuwarden. | 20130418April 2013 |
| The Luxembourg Financial Connection | VAT, GST & Other Sales Taxes - Luxembourg The Luxembourg Financial Connection is Ernst & Young’s newsletter on regulatory, leading practice and market developments in the financial services industry from a Luxembourg perspective. | 20130320March 2013 |
| Tax alert: EU Financial Transaction Tax in January 2014? | VAT, GST & Other Sales Taxes - Luxembourg In February 2013, the European Commission presented its Proposed Directive implementing an EU Financial Transaction Tax (FTT) in 11 participating Member States. The FTT will apply, for example, to transactions in equities, bonds, investment funds, and derivatives. The tax will have an impact beyond countries that enact FTT and beyond the financial sector. | 20130312March 2013 |
| Tax alert: VAT on management services rendered to pension schemes | VAT, GST & Other Sales Taxes - Luxembourg In its final judgment of 7 March 2013 in the Wheels Common Investment Fund Trustees LTD v Her Majesty’s Revenue and Customs (Case 424/11, hereafter “the Wheels Case”), the Court of Justice of the European Union (CJEU) decided that an investment fund pooling the assets of a retirement pension scheme is not a “special investment fund” within the meaning of article Article 13B(d)(6) and article Article 135(1)(g) of the Council directive Directive 2006/112/EC. | 20130308March 2013 |
| Tax alert: Application of the VAT exemption to advisory services rendered to investment fund management companies | VAT, GST & Other Sales Taxes - Luxembourg On 7 March 2013, the Court of Justice European Union (CJEU) released its decision in the Case C-275/11 GfBk Gesellschaft für Börsenkommunikation mbH v Finanzamt Bayreuth. According to the CJEU, advisory services provided by a third party to a management company which is the manager of a special investment fund are to be considered as “management of special investment funds” for the purpose of the application of the VAT exemption. | 20130307March 2013 |
| Your bridge between Europe and China: Luxembourg | Cross Border Advisory - Luxembourg Expanding overseas is one of Chinese asset managers' highest short to medium term priorities. This publication sets out why Chinese asset managers should choose Luxembourg as their “hub” to distribute their funds to European and international investors. | 20130225February 2013 |
| Luxembourg: the gateway for Islamic finance and the Middle East | Cross Border Advisory - Luxembourg Luxembourg’s position as the leading centre for internationally distributed investment funds, combined with its leading financial centre’s expertise in Islamic finance, make the country an ideal location for the creation and administration of Sharia-compliant investment vehicles and cross-border distribution of investment products. | 20130220February 2013 |
| EYe on Luxembourg tax: Broadcasting and television services, January 2013 | VAT, GST & Other Sales Taxes - Luxembourg Choosing Luxembourg as a Place of Establishment to run B2C business | 20130120January 2013 |
| Tax alert: Favorable VAT case on insurance linked to leasing services | VAT, GST & Other Sales Taxes - Luxembourg According to the EUCJ, re-invoicing by the lessor of the exact cost of the insurance to the lessee could be VAT exempt. This could give opportunity to claim VAT back. | 20130121January 2013 |
| Tax alert: Luxembourg − 2013 amended Budget proposals adopted | Country Tax Advisory - Luxembourg On 13 December 2012, Luxembourg’s Parliament adopted the 2013 Budget introducing specific year-end tax measures. What are the main changes to business and individual taxation for fiscal year 2013? | 20121221December 2012 |
| Tax alert: Luxembourg − Amended 2013 Budget proposals presented | Country Tax Advisory - Luxembourg On 6 November 2012, the Luxembourg Government presented its amended draft Budget law for fiscal year 2013, followed by a draft law published on 7 November 2012, introducing specific tax measures. This Tax Alert provides an overview of the main proposed changes to business and individual taxation. | 20121114November 2012 |
| Tax alert: Opinion of Advocate General on the application of a VAT exemption to advisory services for investment fund management companies | VAT, GST & Other Sales Taxes - Luxembourg Overview of the conclusion of the advocate general in the case C-275/11 regarding the VAT treatment of investment advisory services of investment funds. | 20121109November 2012 |
| Tax alert: Mandatory electronic filing as from 1 January 2013 | VAT, GST & Other Sales Taxes - Luxembourg In view of reducing the amount of documents filed in paper , the VAT authorities are introducing the obligation to file monthly and quarterly VAT returns electronically as from 1 January 2013. The use of the eTVA system will therefore become mandatory for the companies subject to monthly or quarterly VAT return filing obligation. | 20121029October 2012 |
| Financial Services alert: Luxembourg proposes one-stop shop for alternatives | Country Tax Advisory - Luxembourg Management companies benefit from a “passport” which enables them to manage UCITS cross-border, enhance their operating model and improve efficiency. This publication outlines the options, the regulatory requirements and key considerations in cross-border management. | 20120917September 2012 |
| Cross-border management of UCITS | Cross Border Advisory - Luxembourg Management companies benefit from a “passport” which enables them to manage UCITS cross-border, enhance their operating model and improve efficiency. This publication outlines the options, the regulatory requirements and key considerations in cross-border management. | 20120917September 2012 |
| Tax alert: Deutsche Bank AG Case (C-44/11) – VAT on discretionary portfolio management services | VAT, GST & Other Sales Taxes - Luxembourg In its final judgment of 19 July 2012 in the Finanzamt Frankfurt am Main V-Höchst v Deutsche Bank AG (Case C-44/11, hereafter “the Deutsche Bank AG Case”), the European court of Justice (ECJ) decided that transactions relating to the management of securities-based assets, i.e., discretionary portfolio management services, are subject to VAT. This judgment has important implications for the portfolio management industry within the EU. In this alert we briefly discuss the case in question as well as possible consequences and actions to be taken. | 20120807August 2012 |
| Securitization alert: CSSF publishes revised best practices document | Cross Border Advisory - Luxembourg In late July 2012 the Commission de Surveillance du Secteur Financier (CSSF) published a Q&A on securitization, resulting from its experience in terms of regulatory oversight of the Luxembourg securitization market since the inception of the Law of 22 March 2004 relating to securitization, as amended (the “Securitization Law”). | 20120626July 2012 |
| FATCA | Tax Performance Advisory - Luxembourg The Foreign Account Tax Compliance Act (FATCA) provides the US Internal Revenue Service (IRS) with a tool which strengthens the information and compliance reporting process used to identify US persons who have money invested outside the US. For most Foreign Financial Institutions (FFIs), FATCA compliance is a significant challenge. In February 2012, proposed regulations were issued clarifying a number of FATCA requirements. While there is some good news, the challenge of FATCA implementation remains substantial for most FFIs. | 20120717July 2012 |
| Tax alert: New protocol to Polish-Luxembourg - Tax Treaty | Cross Border Advisory - Luxembourg Changes to the Poland – Luxembourg Double Tax Treaty. Impacts on the Luxembourg market. Modifications to the DTT introduced by the Protocol which got signed in June 2012 and will come into force in 2013 (if ratified in 2012). The main changes relevant for asset managers and financial institutions are illustrated in this News Alert which is: real estate and artificial arrangements clauses and credit method for dividends in Poland. | 20120626June 2012 |
| Tax alert: The new Germany – Luxembourg Tax Treaty – Changes for Financial Institutions | Cross Border Advisory - Luxembourg Modifications of the new DTT which got signed in April 2012 and will come into force in 2013 (if ratified in 2012). The main changes relevant for financial institutions are illustrated in this News Alert which is: Dividends, Treaty access for funds and participations in specific companies investing into real estate in the other country. | 20120626June 2012 |
| Tax alert: Increasing use of prepaid phone cards and similar vouchers | VAT, GST & Other Sales Taxes - Luxembourg How to navigate through the various VATchanges in Luxembourg and in Europe? | 20120617June 2012 |
| Our leading securitization team | Cross Border Advisory - Luxembourg Introducing the Luxembourg Securitization Task Force and the services Ernst & Young offers for the industry | 20120517May 2012 |
| Tax Memento Luxembourg 2012 | Country Tax Advisory - Luxembourg Tax Memento Luxembourg 2012 | 20120317March 2012 |
| Tax Memento Luxembourg 2012, Individuals chapter | Country Tax Advisory - Luxembourg Tax Memento Luxembourg 2012, Individuals chapter | 20120317March 2012 |
| Tax Memento Luxembourg 2012, Corporate chapter | Country Tax Advisory - Luxembourg Tax Memento Luxembourg 2012, Corporate chapter | 20120317March 2012 |
| Tax alert: Enhancement of the Luxembourg - SPF regime – Removal of the 5% low tax dividend cap | Country Tax Advisory - Luxembourg The Luxembourg Parliament approves the bill abolishing the low tax dividend condition provided by the law on the private wealth management vehicle "SPF". | 20120217February 2012 |
| Transaction Financial Engineering services | Transaction Taxes - Luxembourg Ernst & Young’s Transaction Financial Engineering team provides integrated, objective advisory services on your transactions. | 20120109January 2012 |
| EYe on Luxembourg Tax: Choosing Luxembourg as a place of establishment to supply B2C e-publishing services | VAT, GST & Other Sales Taxes - Luxembourg Since 1 July 2003, the regulations for determining the place of taxation of electronically supplied services have been governed by the so-called e-commerce VAT Directive. | 20111229December 2011 |
| EYe on Luxembourg Tax: Cross-border recovery of tax claims in the EU | Tax Policy & Controversy - Luxembourg The recovery rules related to taxes and duties have an exclusive territorial scope. | 20111108November 2011 |
| Tax alert: Transfer of debts portfolio and VAT, October 2011 | VAT, GST & Other Sales Taxes - Luxembourg ECJ judgment - GFKL Financial Services AG | 20111028October 2011 |
| The Global Executive 2011 - Luxembourg chapter | Personal Taxes - Luxembourg The Global Executive (TGE) summarizes the personal tax systemsand immigration rules for expatriates in more than 150 countries. | 20111024October 2011 |
| Tax alert: Central Bank of Luxembourg implements new statistical reporting requirements for Luxembourg financial companies | Global Compliance & Reporting - Luxembourg The new regulation provides for the collection of statistical datafrom the Luxembourg finance sector that is not covered atpresent by any other data collection scheme. | 20111017October 2011 |
| Tax alert: Investment funds and VAT exemption of advisory services | VAT, GST & Other Sales Taxes - Luxembourg Question referred to the European Court of Justice with regard to the scope of the VAT exemption for management services of investment funds. | 20111017October 2011 |
| Tax alert: EU wide Financial Transaction Tax | VAT, GST & Other Sales Taxes - Luxembourg On 28 September, the European Commission (EC) published its proposals for theintroduction of an EU wide Financial Transaction Tax (FTT). | 20111004October 2011 |
| Tax alert: Optimizing your flow of goods: Luxembourg, a place of choice | VAT, GST & Other Sales Taxes - Luxembourg The search for strategic placements has led many logistics providers, as well as producers and distributors, to structure their supply chains through Luxembourg | 20111004October 2011 |
| Tax alert: Companies required to report their monthly cross-border service flows as from January 2012 | VAT, GST & Other Sales Taxes - Luxembourg The Statec administration will require from 2012 some selected companies to report their cross-border service flows. | 20111004October 2011 |
| Tax alert: VAT aspects of "Cloud computing" in Luxembourg | VAT, GST & Other Sales Taxes - Luxembourg VAT regime applicable to the e-commerce sector before and after 2015 | 20110913September 2011 |
| Tax alert: Swift services: No VAT exemption | VAT, GST & Other Sales Taxes - Luxembourg On 28 July 2011 the European Court of Justice released its decisionin the case C-350/10 Nordea Pankki Suomi Oyj concerning the VATtreatment of SWIFT services. | 20110819August 2011 |
| Transfer Pricing Luxembourg | Transfer Pricing & Tax Effective Supply Chain Management - Luxembourg What’s your strategy to deal with the Luxembourg Circulars on intra-group financing activities? | 20110817August 2011 |
| Tax alert: Implementation of a VAT free zone regime in luxembourg | VAT, GST & Other Sales Taxes - Luxembourg Luxembourg Tax alert about the Implementation of a VAT free zone regime in luxembourg | 20110807August 2011 |
| Tax alert: Luxembourg SPF regime - Removal of the 5% low tax dividend threshold restriction | Country Tax Advisory - Luxembourg A Bill submitted to the parliament plans to abolish the low tax dividend condition provided by the law on the private wealth managementvehicle SPF. | 20110804August 2011 |
| Tax alert: Gifts to foreign charitable bodies are now deductible in Luxembourg | Personal Taxes - Luxembourg The Luxembourg tax authorities issued a new tax circular on 20 July 2009 allowing the tax deduction for gifts made to foreign charitable bodies. | 20110804August 2011 |
| Tax alert: Luxembourg introducing new tax measures | Country Tax Advisory - Luxembourg Luxembourg has announced a number of structural tax measures aiming to rebalance the State budget over the coming years | 20110804August 2011 |
| Indirect Tax Briefing: seventh edition | VAT, GST & Other Sales Taxes - Global Across the world, the shift from direct to indirect taxation continues. See which global indirect tax trends are transpiring right now. | 20130512April 2013 |
| The outlook for global tax policy in 2013 | VAT, GST & Other Sales Taxes - Global The pace of tax policy, legislative and regulatory change continues to accelerate globally. See our six-point plan to help you manage these ongoing changes. | 20130510April 2013 |
| Global indirect tax developments: the shift in 2013 | VAT, GST & Other Sales Taxes - Global How will the detailed changes in indirect taxation affect your business operations? See updates in more than 100 countries worldwide. | 20130228February 2013 |
| European Commission Action Plan to strengthen fight against tax fraud and tax evasion | Tax Policy & Controversy - Global On 6 December 2012, the European Commission published a Communication entitled An Action Plan to strengthen the fight against tax fraud and tax evasion. | 20121206December 2012 |
| Building a new talent management model | Global Mobility - Global Businesses are on the brink of a talent crisis. Only a major shift in thinking can help tackle the global talent shortfall. | 20121101November 2012 |
| T Magazine | T Magazine - Global Tax insight for business leaders | 20121017October 2012 |
| Indirect Tax Briefing, Issue 5 - August 2012 | VAT, GST & Other Sales Taxes - Global A review of global indirect tax developments and issues covering current trends and country updates from Australia, Brazil, Czech Republic, Hungary, India, Mexico, and Russia. | 20120901September 2012 |
| 2012 global transfer pricing tax authority survey | Transfer Pricing & Tax Effective Supply Chain Management - Global Tax authorities are increasing their transfer pricing staffing and the documentation burden is growing. Learn more about these trends and others in our global survey. | 20120801August 2012 |
| Talk about it: tax risk and controversy | Tax Policy & Controversy - Global Increased media focus on how businesses pay taxes is part of the riskiest tax controversy environment in years. How are leading companies reducing these risks? | 20120701July 2012 |
| Financial Services alert: Investment funds: French reclaim opportunity | Cross Border Advisory - Global In June 2012, following the decision of the Court of Justice of the European Union (CJEU) on the FIM Santander case (released in May 2012), the French Court of Montreuil held a meeting with the French tax authorities, and tax advisors to provide an update. It’s foreseen that they will design a standardized reclaim procedure in the near term. | 20120630June 2012 |
| Financial Services alert: Investment funds: Reclaim opportunity for withholding tax | Cross Border Advisory - Global On 10 May 2012, the European Court of Justice released its decision in the FIM Santander case. This case further opens up the possibility for investment funds to obtain refunds of dividend withholding taxes from certain European countries. | 20120520May 2012 |
| Financial Services alert: Indian Tax Update | Cross Border Advisory - Global Recent proposed tax changes in India (Finance Bill 2012) have gained the attention of asset managers due to their potential to both increase tax costs for investors as well potentially change the structures through which such investments are made. | 20120520May 2012 |
| Managing indirect taxes in the supply chain | VAT, GST & Other Sales Taxes - Global Effective management of indirect taxes, grants and incentives is essential to support growth and reduce the costs and risks of doing business internationally. | 20120501May 2012 |
| Indirect tax in 2012 | VAT, GST & Other Sales Taxes - Global Indirect taxes continue to grow at a record pace as governments everywhere search for the most growth-friendly ways to raise revenue. Learn what 2012 may bring in our new global report. | 20120401April 2012 |
| Tax policy and controversy outlooks for 2012 | Tax Policy & Controversy - Global The pace of tax policy change, legislative and regulatory, continues to accelerate globally. Our regional reports provide you with clarity about the shifting tax landscape. | 20120301March 2012 |
| International Estate and Inheritance Tax Guide 2012 | Personal Taxes - Global Our guide summarizes the estate tax planning systems and wealth transfer planning considerations in 27 jurisdictions. | 20120101January 2012 |
| Tax Policy & Controversy Quarterly Briefing January 2012 | Tax Policy & Controversy - Global 2012 is shaping up to be a year of major change in the global tax landscape. Stay up to date with key trends and issues. | 20120101January 2012 |
| Global trade management: adapting to polycentric markets | Customs & International Trade - Global This new report summarizes the findings and identifies leading practices from the 2011 Ernst & Young LLP Customs and International Trade Symposium. | 20111201December 2011 |
| Global Mobility Effectiveness Survey 2011 | Global Mobility - Global Global Mobility Effectiveness Survey 2011, October 2011 | 20111116November 2011 |
| Ernst & Young's 2011–12 Tax risk and controversy survey | Tax Policy & Controversy - Global Our survey report examines how a convergence of trends is driving increased financial and reputational risks for global businesses. The survey indicates that the risks are imminent and growing in volume and complexity. Some are unpredictable and others unavoidable; now is the time to plan a course of action to manage them. | 20111101November 2011 |
| Global M&A tax survey and trends: The growing role of the tax director | Transaction Taxes - Global The harder that company boards press for deals to deliver the value they promise, the more that tax directors play a critical role in identifying and delivering that value. That's the message in our second annual review of trends affecting tax aspects of corporate mergers and acquisitions. | 20111101November 2011 |
| 2011 Global Mobility Effectiveness Survey | Global Mobility - Global Our fourth survey on global mobility analyzes the trends in changing global mobility strategies, policies and processes of 350 companies, higlighting how leading companies are reacting to the challenging external environment. | 20111001October 2011 |
| Global Tax Policy & Controversy Quarterly Briefing - August 2011 | Tax Policy & Controversy - Global We've heard from you that tax policy and controversy issues are becoming a top priority at the C-suite and board level. Stay up-to-date with our briefing. | 20110801August 2011 |
| Driving improved supply chain results | Transfer Pricing & Tax Effective Supply Chain Management - Global How will you improve your supply chain results in this competitive market? Read more on how to get the best results in emerging and developed markets. | 20110701July 2011 |
| Seizing opportunity in Global Compliance & Reporting | Global Compliance & Reporting - Global Don’t allow your GCR processes to perform at yesterday’s standards. Our survey results show the need to formalize plans for improving GCR for the future. | 20110701July 2011 |
| Europe’s CCCTB proposals | Tax Policy & Controversy - Global The proposal for a Common Consolidated Corporate Tax Base (CCCTB) will create winners and losers. Access all our materials related to the CCCTB proposals. | 20110701July 2011 |
| Monitoring tax policy and enforcement shifts | Tax Policy & Controversy - Global In an exclusive interview from our Tax Policy & Controversy Quarterly Briefing, learn of developments of tax administration in the Americas from CIAT leader Márcio Verdi. | 20110601June 2011 |
| Transfer pricing information at your fingertips | Transfer Pricing & Tax Effective Supply Chain Management - Global Quickly identify the transfer pricing rules, practices and approaches adopted by more than 55 countries and territories in our Transfer Pricing Reference Guide for 2011. | 20110401April 2011 |
| Tax Policy and Controversy Quarterly Briefing - April 2011 | Tax Policy & Controversy - Global Learn about the development of leading tax administrations in the Inter-American region from our interview with Márcio Verdi. | 20110401April 2011 |
| Why transfer pricing still dominates tax agenda | Transfer Pricing & Tax Effective Supply Chain Management - Global Read about six major trends in transfer pricing. Also, what are four things multinationals should do in regards to transfer pricing? Learn more from our recent survey. | 20110301March 2011 |
| Tax policy in 2011 | Tax Policy & Controversy - Global What distinguishes the tax policies of geographic regions? We have developed a suite of policy reports – covering the Americas, Asia-Pacific and Europe, Middle East, India and Africa. | 20110301March 2011 |
| Tax Policy and Controversy Quarterly Briefing - February 2011 | Tax Policy & Controversy - Global No matter what your industry or location, tax policy and tax enforcement affect you. This issue explains emerging tax issues on a global and local scale, from China to the US and everywhere in between. | 20110201February 2011 |
| Tax administration without borders | Tax Policy & Controversy - Global What should businesses do to reduce the risk of controversy? Find out more in Tax administration without borders. | 20110101January 2011 |
| Wealth under the spotlight: Tax administration without borders | Personal Taxes - Global The financial crisis has shifted the way tax administrations engage with high net worth individuals. Here we outline the changes and how to adjust to rapidly changing taxation policies. | 20101201December 2010 |
| Research incentives in the new tax landscape | Tax Performance Advisory - Global R&D is a long acknowledged driver of economic prosperity and competitiveness, and the prevalent view is that more private investment in R&D will yield significant social benefit. | 20100901September 2010 |
Contact us
Tax guides and resources