Actualités et articles

09/08/23

Luxembourg court emphasizes need to justify and document economic reasons to use alphabet shares

On 14 June 2023, the lower administrative court rendered a new decision (case n° 45759) once again dealing with the tax treatment applicable to the re…

08/08/23

Pillar 2 implementation in Luxembourg: Bill submitted to Parliament

On 4 August 2023, the Luxembourg government presented Bill of law no. 8292_ (Bill) implementing Council Directive (EU) 2022/2523_ of 14 December 2022 …

02/08/23

Direct tax procedure: Commentary on upcoming amendments

On 28 March 2023, the Minister of Finance presented a new draft law n° 8186 (the “Draft Law”) to the Parliament which amends the Abgabenordnung (“AO”)…

25/07/23

Securitisation companies and atad 1: red card for luxembourg ?

On 14th July, the EU Commission blew the whistle and initiated an infringement procedure against Luxembourg, by reason of a deemed insufficient implem…

23/07/23

Law implementing public country-by-country reporting Directive adopted by the Luxembourg Parliament

Luxembourg, like all EU Member States, had until 22 June 2023 to transpose the so-called public country-by- country reporting (“CbCR”) Directive into …

21/07/23

ESMA’s statement on the sustainability disclosures in prospectuses drawn up in compliance with the Prospectus …

On 11 July 2023, ESMA published a public statement on sustainability-related disclosures within prospectuses drawn up in line with the Prospectus Regu…

19/07/23

Investment tax credit regime to be modernised as from 2024

On 13 July 2023, a draft law was presented to Parliament which introduces a major reform of the current investment tax credit framework, with effect a…

17/07/23

Amendment of the Luxembourg Investment Funds Legal Toolbox

On 11 July 2023, a law reforming Luxembourg investment funds (the “Law”) was adopted by the Luxembourg Parliament with the aim to, notably, improve an…

13/07/23

Bill introducing new reporting obligations for PSPs

On 5 May 2023, the government submitted to the Luxembourg Parliament Bill 8207 to implement Council Directive (EU) 2020/284 amending the VAT Directive…

13/07/23

Merger control update

At EU level, the EU Commission has published rules and guidance to further reduce the administrative burden for parties with respect to the merger con…

12/07/23

EU Commission adopts new adequacy decision for the EU-US Data Protection Framework

After years of negotiations between the eu and the us, the eu commission concluded that the us offers an adequate level of protection for personal dat…

12/07/23

RGPD – Nouvelle décision d’adéquation pour les transferts de données entre les États-Unis et l’UE en vigueur d…

Suite à l’invalidation de la décision d’adéquation du Privacy Shield par la Cour de Justice de l’Union Européenne le 16 juillet 2020 (voir notre artic…

10/07/23

Vers un traitement plus égalitaire des travailleurs frontaliers

À compter du 1er janvier 2024, les résidents allemands employés par une entreprise située au Luxembourg (et vice-versa) pourront en principe bénéficie…

07/07/23

The future of pre-pack sales in Luxembourg

On 7 December 2022, the EU Commission issued a proposal for a directive harmonising certain aspects of insolvency law (the Draft Directive). One key a…

03/07/23

New Court decision on share class redemptions: A clear(er) path to redemption?

On 14 June 2023, the Lower Administrative Court (Tribunal administratif) took a decision (docket n°45759) on the Luxembourg tax treatment of the repur…

26/06/23

Clarifications on the reverse hybrid rules by the Luxembourg Tax Authorities

23/06/23

European Commission releases FASTER Directive Proposal

On 19 June 2023, the European Commission published the Proposal for a Council Directive on Faster and Safer Relief of Excess Withholding Taxes (hereaf…

22/06/23

Proposal for Council Directive on Faster and Safer Relief of Excess Withholding Taxes

On 19 June 2023, the European Commission published a proposal for a Council Directive on Faster and Safer Relief of Excess Withholding Taxes (“FASTER …

21/06/23

New circular and FAQ published by the Luxembourg tax authorities on reverse hybrid rules and reporting

On 9 June 2023, the Luxembourg tax authorities (the “LTA”) published the long-awaited circular (L.I.R. n° 168quater/1) (the “Circular”) providing clar…

16/06/23

Luxembourg tax authorities clarify tax compliance for reverse hybrid entities

On 9 June 2023, the Luxembourg tax authorities issued a Circular on reverse hybrids within the meaning of article 168quater of the income tax law (“IT…