No Municipal Business Tax for AIFs, Says Lux Authority

March 04, 2015

Despite the fact that Luxembourg limited partnerships – either the société en commandite simple (SCS) or the newer société en commandite spéciale (SCSp) – are tax transparent, they are still technically subject to municipal business tax if they carry out a commercial activity.

Dechert partners Patrick Goebel and Johan Terblanche comment.

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