Tax Managed Services

In the asset management sector, the various compliance obligations applicable to an investment fund can present significant challenges and resources requirements for investment managers. Managing multiple service providers, disparate data sources, and manual processes often results in inefficiencies and increased risk exposure.

From a tax perspective the obligations arise across three different levels - fund level, investor level, and investment level.

Understanding the full range of requirements and opportunities is fundamental to the ongoing operation of the fund.

Introducing KPMG Fund HUB

Recognising these challenges, our Fund HUB offers a comprehensive solution tailored to address the specific needs of funds and their asset managers. By centralising all tax compliance services into a single platform, our Fund HUB streamlines processes and eliminates the complexities associated with managing multiple vendors.

Powered by advanced technology, including Power BI dashboards and reporting, Fund HUB provides clients with real-time visibility into workflow status and actions. This transparency enables informed decision-making and reduces time required from the investment manager.

By simplifying processes and reducing administrative burdens, Fund HUB empowers asset managers firms to focus on core business activities while ensuring compliance with regulatory requirements.

The model will include multiple reporting requirements and tax compliance services across the full spectrum of the fund life cycle – an overview of the breadth of our services offering is set out below:

Why Choose KPMG Fund HUB?

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Our services

Click to explore our tax managed services.

Investor level
Fund level
Investment level

Investor level – obligations in respect of investors in the fund e.g. reporting of information to investors to ensure they achieve a tax efficient outcome in respect of the return they earn from the fund.

Investor tax reporting across all key investor tax reporting jurisdictions including:

UK Reporting Fund regime
Austrian tax calculations & OeKB reporting
Swiss taxable income calculations
US investor requirements (PFIC or K1, as applicable}
Belgian / Italian / German tax calculations (including regulatory reporting where relevant)

Fund level – requirements applicable to the fund vehicle itself i.e. filings which it has to submit and taxes it has to directly return to the Irish Revenue Commissioners, including:

Tax registrations
VAT
FATCA/CRS
Payroll
IUT
IREF
ILP returns

Investment level – taxes which arise based on the portfolio of the fund i.e. non-Irish withholding tax, securities transfer tax and / or capital gains tax, including filings obligations in some jurisdictions of investment.

Investor tax reporting across all key investor tax reporting jurisdictions including:

WHT efficiency analysis, including reviewing fund portfolios to identify any reclaim opportunities and ensure RAS is being availed of where possible
Assistance with completion of tax documentation
WHT reclaims, domestic, treaty and EU claims
CGT monitoring and returns
FIN 48/IFRIC23 investment level reviews

Client benefits

Get an overview of how we can help your business.

Streamlined compliance

Fund HUB consolidates all tax compliance services into one integrated platform, reducing the need for multiple service providers and simplifying the compliance process.
Customised reporting

Tailored reporting capabilities within Fund HUB enable clients to generate custom reports based on their specific requirements, providing insights for strategic planning and compliance management.
Central point of contact

With Fund HUB, clients have a single point of contact for all their tax compliance needs, eliminating the hassle of coordinating with multiple vendors.
Scalability

Whether managing a small portfolio or a large-scale operation, Fund HUB is designed to scale according to the needs of the client, accommodating growth and evolving tax and regulatory requirements seamlessly.
Real-time visibility

Gain instant access to live status updates of workflows and actions through Power BI dashboards and reporting, ensuring transparency and informed decision-making.
Expert support

Access to a team of tax experts and professionals ensures that clients receive expert guidance and support throughout their compliance journey, providing peace of mind and confidence in their tax obligations.
Efficiency and time savings

By automating processes and providing a digital platform, Fund HUB saves valuable time for asset management professionals, allowing them to focus on core business activities.

Global expertise

Capability across all fund distribution jurisdictions

Although we provide a single point of contact / relationship model, Asset Managers will have access to the full range of local and international experts when needed (e.g. to deal with specific investor queries).

Our global reach

We have many years experience providing multi-jurisdictional solutions to our asset management clients. We have close working relationships with our teams across many different clients, meaning that they will be available to your clients irrespective of the number of funds.
Our people

Our tax experts work closely with you and our managed services team, who have many years experience delivering on complex projects. This will ensure process efficiencies and ultimately a better overall experience.

Where we work

Click the countries highlighted below to view our services in each jurisdiction.

UK Tax Reporting

Annual RF calc & registration
Bond fund v non bond fund analysis
Prospectus updates

France Tax Reporting

No revenue authority reporting requirements
Investors may require personalised data

Belgian Tax Reporting

Asset test (debt ratio)
Belgian Net Asset Test (BNAT)

Spanish Tax Reporting

Traspaso

Italian Tax Reporting

Italian Reduced Rate %

Finnish Tax Reporting

No revenue authority reporting requirements
Investors may require personalised data

Danish Tax Reporting

Option to obtain different status

German Tax Reporting

Equity ratio
Status certificate
Regulatory reporting

Austrian Tax Reporting

Annual reporting

Swiss Tax Reporting

Reporting of taxable income

Irish Tax Reporting

Reporting of taxable income

Additional markets include:

View our dashboards

Through our proprietary platform “Fund HUB” and automated Power BI dashboards, we provide our clients a seamless user experience, and a full portfolio overview through real-time status updates.

Real-time visibility
Full portfolio overview
Filter for priority tasks
Deadlines & filings

Screenshot of portfolio dashboard in fund hub

Get in touch

We deliver the results you require. If you have an upcoming project that your business needs assistance with, please contact any member of our team below for an initial conversation. We'd be delighted to hear from you.