ILA - The Luxembourg Institute of Governance’s Post

Have you already signed up for the upcoming Institut Luxembourgeois des Administrateurs (ILA) training on structuring Alternative Investments in Luxembourg? 📝 Our Tax Partner and Head of Transfer Pricing, Oliver R. Hoor, will be presenting this 4-module training 👨🏫 , sharing insights and developments on this ever-evolving tax environment. ℹ All agenda details and registration right below 👇 #training #sharing #tax #alternativeinvestment #experts #Luxembourg #ILA #businessevent #ATOZ

So many discussions these days around the impact of #Pillar2 on the 2023 Financial Statements that a flash news on the topic is welcome! In this flash news, we summarize two recent Q&As from the Luxembourg Accounting Board and their recommendations in term of disclosures for the 2023 annual accounts. #Pillar2,  #Accounting, #PwCLuxembourg #Luxembourg

Pillar 2 is a hot topic with significant tax impact for large multinational groups. Are you aware of the impact on your annual accounts - both standalone and consolidated - for the 2023 financial year? In this flash news, we summarize two recent Q&As from the Luxembourg Accounting Board and their recommendations in term of disclosures for the 2023 annual accounts. #Pillar2,  #Accounting, #PwCLux, #Luxembourg https://lnkd.in/es4bqbqv

❓Ready for PILLAR 2? We are 🙌 😰 It can be complex to determine the revenue threshold and to be well prepared as well as understand the jungle of introduced Pillar 2 rules and impact for certain groups and transactions. 😇 Luckily we tax professionals KPMG Luxembourg train ourselves regularly and are ready to support you! 👏 Thank you Sandrine Degrève, Sara González Pérez, Michalis Kalogirou, Edouard Fort and Nicolas Camus for this helpful and impactful Pillar 2 workshop! 🌟 🏄🏻♂️ Feel free to contact us for a Pillar 2 refresher training or whether you have a concrete question on the following: ✔️Identification of the UPE (ultimate parent entity) ✔️Assessing the revenue threshold ✔️Determination of the MNE (multi-national enterprise) group ✔️Understanding the “consolidation rules” in Luxembourg in order to better understand the Pillar 2 rules ✔️ Line-by-line vs. Fair value consolidation - why this matters for Pillar 2? ✔️ EUR 750m revenue threshold - what about the unrealised gains? ✔️ What role does my auditor play even if Pillar 2 concerns “only” taxes? Sandrine Degrève Benjamin Toussaint Christophe Diricks Paul Potocki Antoine Badot Sebastien Labbe Bénédicte Moens-Colleaux Frederic Selleslagh Julien Bieber #tax #pillar2 #minimumtaxation

As the tax and financial landscapes evolve, it's crucial for finance and tax professionals to stay ahead. Switzerland's unique stance on BEPS 2.0, Pillar Two, marks a key development with significant implications for our industry. EY Switzerland is spearheading discussions on these changes, providing insights crucial for finance leaders and tax experts alike. Don’t miss out on understanding how these developments impact your role and organization. Start with our insights today and join the conversation at our upcoming webcast. More info below incl registration. #FinanceAndTax #BEPS2 #EYSwitzerland #eytax #eytaras #eytfo #beps #pillartwo #EYFinanceAndBEPS2

🚨 Act Now to Avoid Tax Burdens for Your Investors! Who Should Be Concerned? Luxembourgish SCS(p) or other foreign partnership funds with Dutch investors or investments in the Netherlands. What Are the Main Changes? 📅 Starting in 2025, Dutch and foreign partnership funds (e.g., Luxembourgish SCSps, SCS) may be reclassified as transparent for Dutch tax purposes. Currently, most of these are treated as opaque, and this change could trigger tax liabilities during the transition. Additionally, Dutch investors in transparent entities will require more detailed tax reporting from their funds which triggers a new form of reporting requirements for funds and its tax advisor. For funds that were made transparent for the Dutch market in the past (i.e. because they are regulated), the new rules could have the opposite effect and they become opaque as from 2025. However, transitional law in 2024 offers ways to mitigate these risks, subject to specific conditions. In some cases, classifying as a transparent entity can also help resolve the negative effects of a hybrid mismatch. 👉 What’s Next? Deloitte Netherlands and Luxembourg are here to support you and your investors through these complex changes. Don’t wait—let us help you navigate the upcoming tax landscape! #DeloitteLU #Tax #Alternatives #TaxPlanning #Luxembourg #Netherlands #HybridMismatch Ernst-Jan Nolta Christian Bednarczyk Reinier Kooiman Vitali Schuetz Jacquou Martin Carmen Thölkes   xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The implementation of Pillar Two, the global minimum tax, in some jurisdictions from the beginning of this year, marks paradigm shift in the framework of international taxation. For the private equity (PE) sector, where the strategic use of multiple tax jurisdictions has been commonplace in fund and deal structuring, and in conducting investment management activities, the introduction of rules that seek to impose a floor (set at 15%) on the effective tax rates of entities within a multinational group, poses several strategic and operational challenges. In this briefing 👇 we set out ten of the most significant practical challenges that we meet during our daily conversations with our private equity clients. #tax #privateequity

The implementation of Pillar Two, the global minimum tax, in some jurisdictions from the beginning of this year, marks paradigm shift in the framework of international taxation. For the private equity (PE) sector, where the strategic use of multiple tax jurisdictions has been commonplace in fund and deal structuring, and in conducting investment management activities, the introduction of rules that seek to impose a floor (set at 15%) on the effective tax rates of entities within a multinational group, poses several strategic and operational challenges. In this briefing 👇 we set out ten of the most significant practical challenges that we meet during our daily conversations with our private equity clients. #tax #privateequity

The implementation of Pillar Two, the global minimum tax, in some jurisdictions from the beginning of this year, marks paradigm shift in the framework of international taxation. For the private equity (PE) sector, where the strategic use of multiple tax jurisdictions has been commonplace in fund and deal structuring, and in conducting investment management activities, the introduction of rules that seek to impose a floor (set at 15%) on the effective tax rates of entities within a multinational group, poses several strategic and operational challenges. In this briefing 👇 we set out ten of the most significant practical challenges that we meet during our daily conversations with our private equity clients. #tax #privateequity

As the tax and financial landscapes evolve, it's crucial for finance and tax professionals to stay ahead. Switzerland's unique stance on BEPS 2.0, Pillar Two, marks a key development with significant implications for our industry. EY Switzerland is spearheading discussions on these changes, providing insights crucial for finance leaders and tax experts alike. Don’t miss out on understanding how these developments impact your role and organization. Start with our insights today and join the conversation at our upcoming webcast. More info below incl registration. #FinanceAndTax #BEPS2 #EYSwitzerland #eytax #eytaras #eytfo #beps #pillartwo #EYFinanceAndBEPS2