In times where interest rates are low, it is key to ensure that investment funds are benefiting from the most advantageous tax treatment. For this purpose KPMG Luxembourg has released its latest Withholding Tax Study and launched the KPMG Withholding Tax Health Check.
Withholding Tax Study 2015
The Withholding Tax Study 2015 provides an interface for withholding tax (WHT) levied worldwide and for recent developments impacting the fund industry such as Exchange of Information (i.e. FATCA, CRS/DAC).
The WHT Study 2015 includes a survey of 97 countries as well as an in-depth analysis of taxes applied at source on interest payments and dividend distributions paid to Luxembourg SICAVs and FCPs and on capital gains realized by the Luxembourg SICAVs and FCPs on their underlying investments, updated as of August 2015.
Withholding Tax Health Check
To ensure that investment funds can benefit from the best possible performance applying the most favorable WHT rates, KPMG Luxembourg has developed the KPMG Withholding Tax Health Check, a fully automated tool, especially designed for this purpose. The KPMG Withholding Tax Health Check will verify on a worldwide basis whether investment funds benefit from reduced WHT rates and/or file WHT reclaims based on domestic law, double tax treaties or EU law. KPMG Luxembourg analyses in more than 90 investment markets if WHT has correctly been applied to your funds and which actions need to be undertaken to reach optimal taxation.
The global WHT survey and further information regarding the KPMG Withholding Tax Health Check is accessible via https://www.kpmg.lu/withholding-tax-study/2015/index.html
For further information, please do not hesitate to contact us.
Any tax advice in this communication is not intended or written by KPMG to be used, and cannot be used, by a client or any other person or entity for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing, or recommending to another party any matters addressed herein.The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.