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OFST802501 – Luxembourg Taxe d'Abonnement
Tax rate of Luxembourg taxe d'abonnement, a registration fee established on the negotiability of securities issued by Undertakings for Collective Investment (UCI), Specialised Investment Funds (SIF), Reserved Alternative Investment Funds (RAIF), and Family Wealth Management Companies (sociétés de gestion de patrimoine familial - SPF). The declaration and payment of the tax must be made each quarter.
Funds meeting the following conditions are exempt from this tax and can benefit from a reduced Tax d'Abonnement: - Shares/units of the fund must be available exclusively to institutional investors (1). If a fund has several share/unit classes, the exemption will be available only to classes the shares/units of which are available exclusively to institutional investors. - The portion of a UCI 's assets which qualifies as sustainable economic activities, as per certified auditory statement; - The exclusive investment objective of the fund must be investment in money market instruments and the placing of deposits with credit institutions; - The weighted residual maturity of the fund’s portfolio must not exceed 90 days; and - The fund must have received the highest rating from a recognized rating agency.
(1) Institutional investors for this purpose include financial professionals (including banks, insurance companies, investment funds, pension funds, local authorities, industrial and financial groups) acting for their own account, and financial professionals investing in their own name but on behalf of others, subject to the investments being made pursuant to a discretionary asset management mandate and the client of the financial professional not having any right or claim directly against the fund. High net worth individuals are not institutional investors.
More information may be found at https://guichet.public.lu/en/entreprises/fiscalite/declaration/instruments- financiers/taxe-abonnement.html
| Property | Value |
|---|---|
| OF-ID | OFST802501 |
| Name | Luxembourg Taxe d'Abonnement |
| Area | Static data |
| Level | Share Class |
| Format | Decimal number |
| Tags | Full, LU |
| Introduced in | openfunds 1.2 |
| Related field | OFST802500 Has Reduced Luxembourg Taxe d'Abonnement |
Values
Decimal figure, rounded to maximal 7 digits after the decimal point.
Example
0.0005 (instead of 0.05%)
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFST802501 on the share class (or position), so FundsXML → openfunds restores it unchanged.
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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