Luxembourg VAT authorities confirm VAT exemption for fund risk management services
On 7 November, the Luxembourg VAT authorities published a circular on the VAT treatment applicable to risk management for investment funds. The VAT authorities confirmed that risk management functions are to be considered as forming part of VAT-exempt fund management services.
This confirmation is of particular relevance for Luxembourg-based alternative investment funds (AIFs), having the obligation as per the provisions of the Alternative Investment Fund Managers Directive (AIFMD) and the Luxembourg AIFM Law to identify, measure, manage and monitor appropriately all risks relevant to AIF investment strategies.
The provisions of the Luxembourg VAT law has recently been amended in order to explicitly include AIFs as eligible vehibles for the VAT exemption applicable to management services…
If you are registered and logged in to the site, click on the link below to read the Arendt & Medernach briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Arendt & Medernach
Briefings from Arendt & Medernach
The country’s legislator constantly adapts company law to take account of the needs of international investors.
Staff delegates will profoundly change the ‘social dialogue’.