News & Articles

13/05/21

Portugal suspends the transfer of data to the United States

On 27 April, the Comissão Nacional de Proteção de Dados (CNPD), Portugal’s national data protection authority ordered the National Institue of Statist…

12/05/21

EU lower court annuls State aid decision in Amazon case but upholds finding of State aid in ENGIE case

On 12 May 2021, the General Court of the EU issued its judgments concerning the appeals brought by Amazon and Luxembourg, respectively ENGIE and Luxem…

04/05/21

Luxembourg Competition Council willing to review and refer M&A transactions to the European Commission

On 29 April 2021, following the release of the widely commented European Commission guidance on Art. 22 of the EU Merger Regulation (EUMR), the L…

30/04/21

An exequatur judgment does not circulate inside EU Member States – “Exequatur sur Exequatur ne vaut”

In a recent decision, the Court of appeal clarifies that it is for each Member State to decide for itself whether the enforcement of a foreign (non-EU…

30/04/21

New Circular regarding the mutual agreement procedure provided by double tax treaties signed by Luxembourg

26/04/21

The Consequences of Brexit for the Circulation of Artworks

Since 1 January 2021, new rules, including a free trade agreement(1), have governed the relationship between the European Union and the United Kingdom…

19/04/21

ECJ paves the way for broader application of VAT-group

The ‘M-GmbH’ ruling of the European Court of Justice (‘ECJ’), issued on 15 April 2021, paves the way for a broader application of the VAT group than m…

09/04/21

EU Recovery Prospectus: temporary fast-track to boost listed companies' COVID-19 recovery

In addressing the severe economic impact of the COVID-19 pandemic, the European legislator amended the existing Prospectus Regulation and introduced t…

27/03/21

PSF advice to the European Commission on transition activities in the taxonomy

On 19 March 2021, the Platform on Sustainable Finance (“PSF”) delivered its advice on transition financing requested by the Commission&…

26/03/21

Council of the EU adopts DAC7

DAC7 extends the existing EU tax transparency rules to digital platforms. Broadly speaking, it requires platform operators to report information on in…

23/03/21

DAC7 approved: New reporting obligations for digital platforms

On 22 March 2021, the Council of the EU amended the directive on administrative cooperation (through the so-called “DAC7”) to expand reporting obligat…

21/03/21

EU regulatory milestones timeline in 2021

The EU legislative machine is in full swing. We have put together a one page timeline to help you anticipate and keep track of the evolution of draft …

15/03/21

REMINDER - Transitional period of Luxembourg’s former IP regime coming to an end

Luxembourg has an attractive IP regime offering an 80% tax exemption of net income and gains from qualifying IP assets.

22/02/21

Significant VAT decision regarding company cars in Luxembourg

The Administration de l’Enregistrement, des Domaines et de la TVA (the Luxembourg VAT authorities) confirmed in Circular n°807 that :  …

22/02/21

EU list of non-cooperative tax jurisdictions updated: Implications for Luxembourg taxpayers

Today, the EU Council updated the EU list of non-cooperative tax jurisdictions. The update is an important step as it directly impacts the scope of ap…

11/02/21

Bill of law passed approving the Protocol to the Luxembourg-Russia Tax Treaty

At the request of the Russian authorities, Luxembourg and the Russian Federation agreed to amend the Treaty, signing the Protocol on 6 November 2020.&…

01/02/21

New law on payments to EU ‘black-list’ countries

On 28 January 2021, the Luxembourg Parliament approved bill of law n°7547 implementing measures concerning the non-tax-deductibility of interest and r…

29/01/21

Measure denying the tax deduction of interest and royalties due to entities in blacklisted jurisdictions passe…

Yesterday, the draft law which introduces a measure denying under certain conditions the corporate income tax deduction of interest and royalty expens…

25/01/21

New VAT burden on company cars?

On 20 January 2021, the Court of Justice of the European Union (CJEU) gave its ruling in a case that raised the question of whether the provision of a…

19/01/21

Luxembourg tax authorities issue a circular on interest deduction limitation

On 8 January 2021, the Luxembourg tax authorities (LTA) issued highly anticipated guidance with respect to the application of article 168 bis of Luxem…