VAT for investment funds

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 is a partner at PwC with over two decades of experience in VAT practice, specialising in assisting financial services operators with indirect-taxation strategies to ensure compliance and reduce tax burdens at both Luxembourg and international levels. She has held leadership roles within PwC’s VAT practice and gained international experience through assignments in New York and London. Marie-Isabelle is a frequent speaker and trainer on VAT for financial services, a guest lecturer at the University of Luxembourg, and has chaired the VAT working group of the Luxembourg Private Equity Association. She also represents PwC Luxembourg in VAT groups of key industry associations including ALFI and EFAMA. Her expertise covers financial transactions, investment funds, asset management, and VAT compliance, with notable client projects involving private equity, real estate, hedge funds, management companies, and banks.