VAT for investment funds (e-learning)

Technical requirements:

• A personal computer (recommended), tablet or smartphone
• An up-to-date internet browser (Google Chrome recommended)
  • Cookies should be enabled
  • JavaScript should be enabled
• A stable internet connection

Should the internet connection be lost during an e-learning session, the browser will need to be restarted when internet is back to resume the e-learning at the last step recorded by the learning management system before the connection went out.

The VAT landscape for investment funds is complex, nuanced, and constantly evolving. Whether you're a fund manager, tax advisor, or finance professional, understanding how VAT applies to investment structures is critical for ensuring compliance and optimizing operations.

This AI supported learning experience on VAT for investment funds is designed to demystify VAT regulations and provide practical insights tailored to the Luxembourg market. This course combines regulatory context, case law, and hands-on examples to help you master the essentials and apply them confidently in your role.

By the end of the training, participants will:

• understand the current regulatory framework and how VAT is implemented in the context of investment funds;
• explore the different scenarios where VAT exemptions may apply, and learn how to identify and assess them;
• dive into the specific compliance requirements in Luxembourg;
• learn from important CJEU case law and practical case studies.

This e-learning embeds content entirely created by PwC experts and delivered through AI-powered visuals.

• VAT status: current state of play and practical implications
• VAT exemptions: conditions for applying different VAT exemptions
• Luxembourg VAT compliance obligations: specificities needed for proper VAT compliance in Luxembourg
• Important CJEU case law (3 relevant case studies of EU case law that are relevant to the field of VAT for funds)
• Practical case study (one theoretical case study exemplifying the different VAT treatments of various services and entities)

This digital learning has been designed with the support and collaboration of Marie Isabelle Richardin, Tax Partner in the PwC VAT department.

Marie-Isabelle Richardin, Partner, has been with PwC’s VAT practice since 2000. Her role at PwC is to assist operators in the financial services industry with their indirect-taxation strategies to help them comply with indirect-tax obligations. She also gained experience in the international tax world by working 2 years in New York.

Marie-Isabelle is a regular speaker at conferences and training sessions on VAT for financial services. She is PwC Luxembourg’s representative in the VAT working groups such as the Luxembourg Investment Funds Association (ALFI), the European Fund and Asset Management Association (EFAMA) and she is chairwoman of the VAT group at LPEA.