News & Articles

07/02/22

Short term consultation on Pillar One’s framework for nexus and revenue sourcing rules

On 4 February 2022, the OECD Secretariat released an update on “Pillar One”, the OECD/G20 Inclusive Framework’s effort to reallocate some taxing right…

27/01/22

Extension until 31 December 2022 of the legal measures for taking corporate decisions remotely: legal and tax …

The corporate law derogative measures regarding the holding of remote meetings or the taking of written resolutions for entities in relation with the …

21/01/22

OECD releases updated transfer pricing guidelines

On 20 January 2022, the Organisation for Economic Cooperation and Development (OECD) issued an update to its July 2017 Transfer Pricing Guideline…

11/01/22

European Electronic Communication Code adopted

The Law of 17 December 2021 on electronic communications networks and services  (the "Law") was published on 22 December 2021 and came …

10/01/22

International sanctions update – Is the EU getting tougher on sanctions?

On 13 December 2021, the Council of the EU adopted restrictive measures against the Wagner group, a Russia-based unincorporated private military entit…

29/12/21

Luxembourg budget bill for 2022

On 16 December 2021 the Luxembourg budget bill for 2022 (n°7878) has been adopted by the Luxembourg Parliament (the Law). In general, the Law aim…

24/12/21

EU Commission issues draft directives on substance requirements and minimum taxation

EU Commission issues draft directives on substance requirements and minimum taxation

24/12/21

EU Commission presents proposals for directives against shell entities and ensuring a global minimum level of …

On 22 December 2021 the European Commission (hereinafter: ‘EC’) presented two legislative proposals for EU directives, one to introduce a global minim…

23/12/21

Unshell Directive Proposal: the poisoned Christmas gift of the European Commission

16/12/21

Data protection notices after the Whatsapp case: what's the message?

A few months ago, the Irish Data Protection Commission imposed an administrative fine of EUR 225 million on WhatsApp Ireland Limited, declaring the co…

14/12/21

Countdown to the entry into force of the Luxembourg Reverse Hybrid Rule

The countdown has started. As from 1 January 2022, the last anti-hybrid mismatch provision related to reverse hybrid rule will enter into force. Under…

26/11/21

Prohibition of online advertising in a list of e-mails or messages – a misstep by the CJEU?

When submitted a request for a preliminary ruling, the Court of Justice of the European Union (CJEU) is expect to answer questions – not raise too man…

25/11/21

Impôt minimum mondial : un bref état des lieux des dernières avancées

 L’intégration des économies et des marchés nationaux a connu une accélération marquée ces dernières années, mettant à l’épreuve le cadre fiscal …

27/10/21

New taxonomy-related disclosures RTS published

Despite the delay to Level II1 announced by the European Commission (“EC”) at the beginning of the summer 2021, the last few months have been bus…

26/10/21

Sustainable Finance update (asset management): Final Report on SFDR RTS regarding taxonomy-related disclosures…

On 22 October 2021, the European Supervisory Authorities or ESAs (EBA, EIOPA and ESMA)  presented the European Commission with their Final Report…

22/10/21

The new EU toolbox to tackle soaring energy prices

The ongoing energy price crisis in the aftermath of COVID-19, which has curtailed industrial production and left consumers across Europe facing higher…

22/10/21

Comparability of Investment Funds – another Finnish referral to the Court of Justice of the European Union – a…

Recently, an Advocate General’s opinion (the “Opinion”) on Finnish CJEU case C-342/20 (the “Case”) has been published.

12/10/21

Agreement on Pillar One and Pillar Two global tax reform

On 8 October 2021, 136 out of 140 members of the OECD/G20 Inclusive Framework officially agreed on certain key parameters to reallocate some taxing ri…

24/09/21

The Arm’s Length Principle And Profit Participating Loans: First Decision By Luxembourg Courts - Tax Case Stud…

Our tax litigation team recently had the opportunity to assist a taxpayer in an appeal for the reversal of a decision issued by the Luxembourg tax adm…

17/09/21

Property companies holding real estate assets in Germany – state of play on the input VAT deduction right

The case concerned a Jersey-based company, Titanium Ltd (‘Titanium’), involved in real estate and asset management activities.