The tax landscape for funds continues to evolve, driven by frequent changes in domestic and international tax rules and increasing regulatory scrutiny. In a global marketplace, these shifts challenge funds to adapt quickly to remain competitive and compliant.

In today's tax landscape, knowledge and technology hold more power than ever. Whatever tax challenges you face, we’re here to help you meet them. Our team combines deep expertise, industry focus, and advanced technology to help funds navigate regulatory changes, maintain compliance and strengthen operational efficiency.

By pairing technical insight with business acumen, we deliver impactful results today and identify opportunities for tomorrow – empowering your fund to thrive in a dynamic tax landscape.

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How we can help you

By collaborating with our audit and advisory teams, leveraging the knowledge of our broader KPMG network, and utilizing our deep industry expertise, our tax experts deliver tailored solutions for each of your organization’s key focus areas. We are here to help you navigate the complexities of applicable tax regulations and changes.

Whether you are starting, building or expanding your structure – be it a fund, a management company, a holding platform or a special purpose vehicle – we can support you during any stage of the structure lifecycle: formation and capital accumulation, acquisition or divestment, reporting, restructuring, refinancing and more. We’ve got you covered.

Set up and capital raising
Investment acquisition
Monitoring and compliance
Restructuring
Divestment

Looking for a cost-efficient setup that supports your investment strategy and maximizes returns? Need clarity on deal breakers or the best way to remunerate all parties involved?

We help you define a suitable structure and conduct a thorough preliminary assessment of your contemplated setup. By drawing on our domestic and international network, we provide tailored solutions aligned with your business objectives.

Our support covers a wide range of challenges, including structuring in line with evolving tax regulations, designing tax-compliant funding instruments, meeting substance requirements, navigating anti-avoidance rules such as ATAD I, II and III, addressing investor tax considerations, setting up transfer pricing policies, developing incentive plans and advising on and implementing digital solutions to enhance process efficiency.

Evaluating the risks of a new acquisition? Want to ensure that onboarding a new investment aligns with your established strategy and structure?

Our team brings extensive local and international deal experience and offers a full suite of M&A tax services to support you throughout the transaction. We assess tax risks associated with the investment, ensure all risks are addressed among the parties, manage post-deal integration, including transfer pricing analysis, support implementation, ensure compliance with tax reporting requirements such as DAC6, and handle any indirect tax (VAT) matters.

Tax compliance involves two main aspects: cost and risk. Our mission is to assist fund managers and other market players in minimizing both. By entrusting this responsibility to our team, you gain access to expertise and resources that may not be available in-house, as well as a platform to collect data and monitor your compliance status.

A key consideration for alternative players in Luxembourg is to assess whether they fall under the Pillar 2 rules. Other reporting obligations may also apply, these include but are not limited to FATCA and CRS, investor-level reporting and country-by-country reporting. Moreover, evaluating existing processes to identify areas for improvement is crucial.

We have the expertise to support you in operating your structure effectively. This is where value is created.

At every stage of an investment structure's lifecycle, tax implications should be closely monitored to uncover opportunities for improvement and potential restructuring.

Our experts support you in addressing key challenges, including enhancing cash repatriation efficiency, managing capitalization or refinancing, supporting implementation, and conducting up-to-date reviews of substance in an international context. We offer a range of additional services designed to help you achieve your business goals.

With KPMG by your side during the divestment phase, we help you extract value and maximize the overall profitability of your investment. We provide guidance on tax matters and the implications of investment disposals or structure liquidations.

A well-prepared due diligence or tax fact book can streamline the selling process by addressing potential bidders’ questions in advance. We support you throughout the divestment journey, including defining an appropriate exit strategy, delivering vendor tax due diligence, reviewing and negotiating the SPA, supporting implementation, advising on warranty and indemnity insurance, and managing the liquidation of the structure, either in part or entirely.