Contents:
I. Foreign independent directors: not subject to Luxembourg VAT rules
II. Luxembourg independent directors: Luxembourg VAT rules apply
1. Overview of the main VAT localisation rules
2. Luxembourg VAT taxation/exemption applicable to Fund/ManCos directorships
III. Luxembourg VAT compliance obligations
1. VAT registration
2. Deadlines for the submission of the VAT returns
3. Invoicing requirements
IV. Arendt “All in Solution”