German Foreign Tax Act and Luxembourg Funds Publishing with authorisation of Agefi, Avril 2023 Effective 1 January 2022, investors in Luxembourg investment funds resident in Germany may be subject to controlled foreign corporation (CFC) rules under the German Foreign Tax Act if the investment fund invests in assets through subsidiaries not resident in Germany. CFC …
German Foreign Tax Act and Luxembourg Funds Executive Summary Effective 1 January 2022, investors in Luxembourg investment funds resident in Germany may be subject to controlled foreign corporation (CFC) rules under the German Foreign Tax Act if the investment fund invests in assets through subsidiaries not resident in Germany. CFC rules apply if an investor resident in …
Update as of 23 December 2022. Adoption of the Luxembourg Draft Law on the 2023 Budget On 12 October 2022, the Luxembourg Minister of Finance, Yuriko Backes, submitted to the Chamber of Deputies a draft law on Luxembourg’s state budget for 2023, the “Budget.”[1] The Budget contains few measures for the year ahead, most of …
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Unrestricted Access to Transparency Register Violates EU Law The Court of Justice of the European Union ruled on 22 November 2022 that unrestricted access to information on the beneficial owners of companies under Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention …
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German Tax Reporting and Partial Exemptions for German Investors Following the introduction of the new German Investment Tax Act (“InvStG”) of 1 January 2018, the new regulations must be taken into account for the first time at the level of the investors based in Germany when preparing tax returns for the tax year 2018. 1. …
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