Helping a global asset manager strengthen operations with efficient fund tax reporting and compliance support

The challenge

The client, a global asset manager, faced the challenge of ensuring accurate and timely tax reporting for its investment funds domiciled in Luxembourg. 

This included the need for seamless yearly calculations and reporting, the addressing of ad-hoc technical questions, and continual updates on legal and regulatory changes to meet investor expectations.

The solution

Deloitte Luxembourg delivered extensive fund tax reporting services, providing timely and accurate annual calculations and reporting necessary for meeting investor expectations while ensuring compliance with tax requirements at each level of the investment fund structure.

The team provided highly responsive support, addressing ad-hoc technical questions promptly and proactively keeping the client informed about regulatory changes through tax alerts and direct communication.

Furthermore, leveraging cutting-edge technology like DBoard, the market-leading asset management oversight tool by Deloitte, provided integrated services for tax reporting and distribution.

The outcomes

Enhanced reporting efficiency

• Extensive reporting services provided for 500 share classes across three countries.
• Accurate tax reports delivered to client within deadlines, successfully meeting investor expectations.
• Efficient collaboration between Deloitte and the client facilitated smooth processes and minimized the potential for surprises or delays.
• Implementation of DBoard provided a single, consolidated platform for thorough asset management, delivering customizable views and helping to enable data-driven decision-making through Deloitte's integrated analytical tools.

Streamlined compliance

• Proactive knowledge sharing and updates about regulatory changes helped ensure the client remained compliant.

Integrated technical support

• Quick response times to ad-hoc technical queries enhanced the client's ongoing service experience.