In the tax ecosystem, substance holds significant importance: if you operate an investment platform in Luxembourg, it is essential that the various Luxembourg vehicles are vested here with sufficient substance to mitigate potential challenges from foreign tax authorities.
It can be difficult to benchmark your business against other market players (given the absence of available market data) and test your substance level generally or even specifically looking at selected target jurisdictions.
Clients are aware of existing challenges in certain jurisdictions and are now increasingly willing to assess the robustness of their set-up. Furthermore, they always seek ways to improve their operating model and ensure that they have an appropriate tax governance in Luxembourg.
The tax landscape is evolving fast, and clients are interested in discussing recent experiences from the market and sources of challenge from foreign tax audits.
And here is where we come in.
Based on our experience and expert knowledge of the market as well as the results from our yearly substance survey, we identify any discrepancy between best market practices and your substance in Luxembourg.
We provide tailored-made recommendations to increase the robustness of your operating model while providing key updates on upcoming challenges in given jurisdictions.
Phase 1 – Workshop with your team and gap screening
Phase 2 – Implementation of new processes
