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By Jean KIZITO Olivier SCHNEIDER, Partners KPMG Luxembourg
A LIRE OU A RELIRE (publié dans notre mensuel)
When investing in publicly traded securities, either directly via the investor’s bank or indirectly through an Investment Fund, accurate and precise tax management may help investors or fund managers to maximize the returns. In this regard, investors/asset managers should implement tax relief at source or initiate tax reclaim procedures (if relief is not available).
At present, each investment market (i.e. country of the issuer) within the EU has its own procedure and there is no common process. Thus, on the one hand, investors face burdensome and diverging procedures to relieve excess taxes withheld at...
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