TAILIEUCHUNG - Luxembourg Tax Guide 2012

Thus, an overwhelming majority of the funds garnered from the urban non-retail segment are short-term investments. Further, this is not a short-term trend as it has been noticed over a period of a few years. Therefore, if the industry wants to change the age profile of the funds it has at its disposal, it needs to seriously look at the other investors . retail investors and high net-worth individuals (HNIs) in the urban and semi-urban areas. This will also help fulfil the objectives of financial inclusion. This is not to say that corporate investors should not be encouraged to invest. | PKF Luxembourg Tax Guide 2012 FOREWORD A country s tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate Are there any incentives for overseas businesses Are there double tax treaties in place How will foreign source income be taxed Since 1994 the PKF network of independent member firms administered by PKF International Limited has produced the PKF Worldwide Tax Guide WWTG to provide international businesses with the answers to these key tax questions. This handy reference guide provides clients and professional practitioners with comprehensive tax and business information for 100 countries throughout the world. As you will appreciate the production of the WWTG is a huge team effort and I would like to thank all tax experts within PFK member firms who gave up their time to contribute the vital information on their country s taxes that forms the heart of this publication. I would also like thank Richard Jones PKF UK LLP Kevin Reilly PKF Witt Mares and Kaarji Vaughan PKF Melbourne for co-ordinating and checking the entries from countries within their regions. The WWTG continues to expand each year reflecting both the growth of the PKF network and the strength of the tax capability offered by member firms throughout the world. I hope that the combination of the WWTG and assistance from your local PKF member firm will provide you with the advice you need to make the right decisions for your international business. Jon Hills PKF UK LLP Chairman PKF International Tax Committee I PKF Worldwide Tax Guide 2012 IMPORTANT DISCLAIMER This publication should not be regarded as offering a complete explanation of the taxation matters that are contained within this publication. This publication has been sold or distributed on the express terms and understanding that the publishers and the authors are not responsible for the results of any actions which are undertaken on the basis of the .

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