Operational Taxes

Operational Taxes

FATCA, QI, CRS, and more: KPMG can help your organization meet complex due diligence, withholding, and reporting requirements.

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Operational tax broadly covers withholding taxes (“WHT”), transactional taxes and compliance obligations such as the Qualified Intermediary (“QI”) regime for banks, the Foreign Account Tax Compliance Act (“FATCA”), the Common Reporting Standard (“CRS), U.S. Tax compliance obligations (e.g. K-1 schedule, PFIC, etc) and other exchange of tax information regimes.

Operational Taxes in Luxembourg

Luxembourg entities may be compelled to comply with a set of due diligence, withholding and reporting requirements.

Such rules apply to Luxemburg financial and non-financial entities. The applicable regime depends on the type and/or jurisdictions of their investors or investments.

How we can help

Complying with the QI, FATCA, CRS and other US Tax compliance rules is a major compliance task due to its extended information reporting. How you execute this compliance task can have a major impact on your business strategy and the markets you serve.

KPMG Luxembourg can help you achieve smart compliance towards QI, FATCA, CRS and other US Tax Compliance rules. We focus on all you need, not more, not less. Our assistance includes

  • End-to-end assistance (from client onboarding to reporting)
  • Entity classification
  • Drafting or review of procedures
  • Training
  • Health checks
  • Annual reporting

Put our expertise to work for you: download our free brochures and reach out to our experts to get a plan tailored to your needs.

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