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What’s in the report?

The KPMG Luxembourg Withholding Tax Study analyzes the withholding tax (WHT) rates of different jurisdictions with respect to Luxembourg investment funds, offering you a snapshot of each jurisdiction’s situation. For this 14th edition we have looked at 124 countries and analyzed the WHT rates applicable on interest, dividends and capital gains derived by Luxembourg UCITS SICAVs and FCPs based on their legal status as of 1 January 2021.

In addition to the analysis, the study provides further insight into topics like Mandatory Disclosure Rules (DAC6), FATCA and developments in CSR and the sustainable investments sector.  

KPMG’s WHT HealthCheck

KPMG’s WHT reclaim services

CRS and FATCA reporting platform

How can KPMG help?

Withholding tax reclaims

KPMG Luxembourg has developed outstanding technical know-how in EU and global tax matters and is now filing claims on behalf of several European and non-European investment funds in numerous countries, such as France, Germany, South Korea, Poland, Taiwan and more. Through these projects, our multidisciplinary EU Tax Team has gained experience in mobilizing and coordinating dedicated and skilled people within the KPMG network to be able to quickly and efficiently respond to your needs. KPMG Luxembourg can assist you with applying for a reduction at source and filing withholding tax (WHT) reclaims in all countries that infringe EU law, DTT regulations, and domestic law by applying a discriminatory tax treatment to cross-border dividend distributions.


Withholding tax health check

To ensure that investment funds can benefit from the best possible performance by enjoying the most favorable WHT rates, KPMG Luxembourg has developed the KPMG WHT HealthCheck, a fully automated tool especially designed for this purpose. The KPMG WHT HealthCheck will verify, on a worldwide basis, whether investment funds benefit from reduced WHT rates and/or whether you can file WHT reclaims based on domestic law, double tax treaties, or EU law. KPMG Luxembourg analyzes 124 investment markets to see if WHT has been correctly applied to your funds.


DAC 6

The new Mandatory Disclosure Rules (DAC 6) introduce the obligation for intermediaries or taxpayers to report cross-border tax aggressive arrangements within a 30-day period. We support our clients in identifying their role as an intermediary by producing an impact analysis reflecting the particular and unique service lines of each client. KPMG Luxembourg developed a unique methodology to determine whether you have arrangements to report under DAC6 and, if required, can assist you in the reporting process, ensuring that the 30-day deadline is accurately complied with.


FATCA/CRS

Considering opening a bank account for your fund but need help selecting the correct boxes for relevant bank certificates? KPMG Luxembourg is happy to help, our services include classifications, completion of self-certification, registration and reporting. Get in touch with our experts today.

Please be aware that as of reporting year 2020, NIL-Reports for reporting financial institutions are mandatory and have to be submitted by 30 June 2021.

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 endeavor 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.