كرستون برايتور، الصين، النشرة الإخبارية لشهر يناير 2025
September 30, 2025
اقرأ آخر الأخبار والتحديثات المالية في الصين من الخبراء في كريستون برايتشر.
September 30, 2025
اقرأ آخر الأخبار والتحديثات المالية في الصين من الخبراء في كريستون برايتشر.
September 29, 2025
Kreston Global is pleased to announce the appointment of Kreston Sierra Leone (formerly BDO Sierra Leone), one of the country’s oldest and most respected professional services firms, to its international network, further strengthening its presence across the African region.
Established in 1963, Kreston Sierra Leone is one of the country’s oldest and most respected professional services firms, delivering high-quality audit, accounting, tax, and consultancy services across both public and private sectors. With two experienced partners and more than 30 professionals, the firm is consistently ranked among the top three firms in the country.
The firm’s diverse client base includes central government institutions, financial services, natural resource companies, NGOs, and international corporations. Notably, it has handled major assignments such as the audit of Sierra Leone’s central bank and multinational mining operations.
Kreston Sierra Leone will continue operating from its principal office in Regent House, Wilberforce Street, Freetown.
Liza Robbins, Chief Executive of Kreston Global, commented:
“It’s a pleasure to welcome Kreston Sierra Leone. The firm is recognised as a leader in its region, known for its commitment to quality and integrity. Their expertise and reputation for outstanding service make it a valuable addition to our network. This move also strengthens our presence in West Africa, supporting our mission to offer clients seamless, cross-border advisory services.”
Samuel A. Noldred, Managing Partner at Kreston Sierra Leone, said:
“Being part of this global network will enable us to continue delivering high-quality audit, accounting, tax, and corporate consultancy services across both public and private sectors. Our integrity, professional excellence, and commitment to international standards will ensure that we continue to serve our clients with global expertise as we have access to a strong collaborative network.”
September 5, 2025
Carried interest in Luxembourg rules are set to change following the government’s presentation of draft law n°8590 on 24 July 2025. Carried interest is the share of profits that an Alternative Investment Fund (AIF) allocates to its managers once a hurdle rate has been exceeded. The proposed regime aims to modernise tax treatment, strengthen legal certainty, and enhance Luxembourg’s attractiveness for international fund managers and investors.
The new regime would broaden the scope of beneficiaries. It would no longer be restricted to employees of management companies or AIF managers, but would also extend to individuals providing services to fund managers, including employees of external providers, independent directors, and non-employee partners.
Two types of carried interest are defined under the draft law. Contractual carried interest, based solely on contractual rights, would be classified as speculative gain and taxed at 25% of the progressive rate, resulting in an effective marginal rate of about 11.45%. Participation-linked carried interest, connected to a direct or indirect stake in the fund, would also be classified as speculative gain but could qualify for a full exemption if the participation is below 10% and held for more than six months. The exemption would cover both capital gains and distributed income, including through transparent structures.
Other important changes include making the preferential regime permanent, removing the rule that investors must first recover contributed capital before carried interest distributions, and allowing deal-by-deal structures. Beneficiaries of the current framework would automatically transition to the new regime. If adopted, the new system would take effect on 1 January 2026.
The reform is significant for Luxembourg’s alternative investment funds sector. It would provide greater clarity for managers and service providers, reduce the effective tax burden, and bring Luxembourg closer in line with international market practices. The reform also signals Luxembourg’s determination to remain a leading European hub for alternative investment funds in a competitive global environment.
The draft law is currently under parliamentary review. If passed, it will apply from 2026 and is expected to provide a clearer, more attractive framework for carried interest. For further analysis of draft law n°8590 and its implications, see Omnitrust.