BEGIN:VCALENDAR VERSION:2.0 PRODID:-//PYVOBJECT//NONSGML Version 1//EN BEGIN:VTIMEZONE TZID:Europe/Brussels BEGIN:STANDARD DTSTART:20001029T030000 RRULE:FREQ=YEARLY;BYDAY=-1SU;BYMONTH=10 TZNAME:CET TZOFFSETFROM:+0200 TZOFFSETTO:+0100 END:STANDARD BEGIN:DAYLIGHT DTSTART:20000326T020000 RRULE:FREQ=YEARLY;BYDAY=-1SU;BYMONTH=3 TZNAME:CEST TZOFFSETFROM:+0100 TZOFFSETTO:+0200 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT UID:20260718T152129Z - 78244@eupv478 DTSTART;TZID=Europe/Brussels:20230927T140000 DTEND;TZID=Europe/Brussels:20230927T163000 CREATED:20260718T152128Z DESCRIPTION:Hy brid mismatch rules & the reverse hybrid mismatch rule - cutting through c omplexity\nPRESENTATION Hybrid mismatches typically originate from a d ifferent tax treatment of an entity\, a permanent establishment or a finan cial instrument under the laws of two or more jurisdictions and may result in deduction without inclusion or double deduction outcomes. In general\, the hybrid mismatch rules target hybrid mismatches between associated ent erprises\, structured arrangements between third parties\, imported hybrid mismatches and tax residency mismatches. At the same time\, the hybrid mi smatch rules should not create economic double taxation. This is ensured t hrough a number of carve-outs and limitations that discharge the applicati on of the hybrid mismatch rules (for example\, timing differences\, inclus ion of the payment at the level of any payee\, tax exempt status of the in vestor\, transfer pricing adjustments). This briefing\, put together based on the recently published 2nd edition of the book entitled "Hybrid mismat ch rules in Luxembourg: A practical guide"\, aims at providing participant s with a clear overview of the hybrid mismatch rules and the reverse hybri d mismatch rule (the scope of which has been clarified recently)\, analyse s how these rules may impact Alternative Investments in Luxembourg and con siders opportunities to manage adverse tax consequences in practice. AGEND A 1. Introduction 2. Hybrid mismatch rules Mismatch outcomes Relevant hybr id mismatch rule in the context of Alternative Investments Scope of the hy brid mismatch rules Related party test Carve-out for minority investors in a fund context Limits of the hybrid mismatch rules Neutralisation of mism atch outcomes Burden of proof Case studies 3. Reverse hybrid mismatch rule Scope of the reverse hybrid mismatch rule Related party test Carve-out fo r minority investors in a fund context Exclusion of investors on grounds o f their tax status Tax treatment of reverse hybrid entities Burden of [... ] DTSTAMP:20260718T152129Z LOCATION:Sofitel Luxembourg Europe\, 6 rue du Fort Niedergrünewald\, Luxem bourg 2226\, Luxembourg SUMMARY:Hybrid mismatch rules & the reverse hybrid mismatch rule - cutting through complexity X-ALT-DESC;FMTTYPE=text/html:Hybrid mismatch rules & the reverse hybrid mismatch rule - cutting through complexity\nPRESENTATION Hybrid mismatches typically o riginate from a different tax treatment of an entity\, a permanent establi shment or a financial instrument under the laws of two or more jurisdictio ns and may result in deduction without inclusion or double deduction outco mes. In general\, the hybrid mismatch rules target hybrid mismatches betwe en associated enterprises\, structured arrangements between third parties\ , imported hybrid mismatches and tax residency mismatches. At the same tim e\, the hybrid mismatch rules should not create economic double taxation. This is ensured through a number of carve-outs and limitations that discha rge the application of the hybrid mismatch rules (for example\, timing dif ferences\, inclusion of the payment at the level of any payee\, tax exempt status of the investor\, transfer pricing adjustments). This briefing\, p ut together based on the recently published 2nd edition of the book entitl ed "Hybrid mismatch rules in Luxembourg: A practical guide"\, aims at prov iding participants with a clear overview of the hybrid mismatch rules and the reverse hybrid mismatch rule (the scope of which has been clarified re cently)\, analyses how these rules may impact Alternative Investments in L uxembourg and considers opportunities to manage adverse tax consequences i n practice. AGENDA 1. Introduction 2. Hybrid mismatch rules Mismatch outco mes Relevant hybrid mismatch rule in the context of Alternative Investment s Scope of the hybrid mismatch rules Related party test Carve-out for mino rity investors in a fund context Limits of the hybrid mismatch rules Neutr alisation of mismatch outcomes Burden of proof Case studies 3. Reverse hyb rid mismatch rule Scope of the reverse hybrid mismatch rule Related party test Carve-out for minority investors in a fund context Exclusion of inves tors on grounds of their tax status Tax treatment of reverse hybrid entiti es Burden of [...] END:VEVENT END:VCALENDAR