Luxembourg Property Companies investing in Germany – Challenges from an accounting and tax point-of-view (part 2 – SAF-T/FAIA)

In Uncategorized by Michael Probst

With accounting performed by three parties in two countries (see part 1 of this blog), there is one legal and tax issue that needs to be considered: the Standard Audit File for Tax (SAF-T – or French: FAIA) and the connected issues. Indeed, even though a problem has so far been avoided in the market (or at least there is …

Luxembourg Property Companies investing in Germany – Challenges from an accounting and tax point-of-view (part 1)

In Uncategorized by Michael Probst

Based on our group’s large experience with Luxembourg corporations (LuxCo’s) investing (directly) in Real Estate located in Germany, we consider that there are accounting issues that require reflection and action. Promoters (for regulated funds or coordinators of private deals) tend to consider GAAP accounting and tax filings as unpleasant obligations and focus on the budget and specific control reportings. Indeed, …

The Brexit and tax issues

In Uncategorized by Michael Probst

The Brexit has been decided on by the British population (at least a majority of those who went to the ballots). There has been a lot of consequences on economics and politics which have been discussed in the media and which will require a lot of political decisions and negotiation in the coming years. Here is my opinion on the …