News & Articles

24/04/23

Question on the constitutionality of the minimum net wealth tax regime

In a judgement dated 18 April 2023 (docket n° 45910), the Lower Administrative Court (Tribunal administratif) referred to the Constitutional Court the…

20/04/23

Luxembourg government proposes amendments to tax procedures

On 28 March 2023, the government submitted to Parliament Bill of law no. 8186 amending the General Tax Law and introducing new provisions about transf…

19/04/23

Sustainable Finance update (asset management)

On 5 April 2023, the European Commission published its response to eight questions on the interpretation of SFDR that were submitted by the ESAs to th…

18/04/23

EU Commission answers ESA questions on SFDR interpretation

In September 2022, the ESAS jointly submitted questions to the eu commission about the interpretation of the SFDR. the answers to those questions have…

13/04/23

Proposal for a Directive to prevent misuse of shell entities (ATAD 3) and the amendments proposed by the Europ…

In mid-January 2023, the European Parliament approved the European Commission’s draft directive to prevent misuse of shell entities for tax purposes (…

12/04/23

Blockchain Law III: strengthening the rules on collateral over digital assets

The Luxembourg parliament voted bill of law no. 8055 on certain aspects of the dlt pilot regime into law on 14 march 2023. it introduces specific rule…

11/04/23

Bill of law to modernise the insurance sector

On 24 March 2023, bill of law 8184 (the “Bill of Law”) was filed with the Parliament. It aims at (i) implementing Directive 2021/2118 amending Directi…

10/04/23

New legislation: criminal penalties doubled for intention to discriminate

From 7 April 2023, the penalties for crimes committed with discriminatory intent will double.

07/04/23

Upcoming amendments to the Luxembourg procedure in tax matters

On 28 March 2023, a new draft law (the “Draft Law”) was presented to the Parliament which amends the Luxembourg General Tax Law (“GTL”) as well as som…

06/04/23

ECJ case C-555/21 | Consumer's right to early repayment under the MCD

The Austrian Supreme Court referred a question to the European Court of Justice (the “ECJ”) for a preliminary ruling. The question concerned whether A…

05/04/23

Publication of the new law introducing in the Luxembourg employment code a protection against moral harassment…

Luxembourg Parliament voted on 9 March 2023 a new law published on 5 April 2023 and coming into force on 9 April 2023 (hereafter the “Law”), which wil…

05/04/23

DLT | Significant developments at EU and national level

As of 23 March 2023, Regulation (EU) 2022/858 on a pilot regime for market infrastructures based on distributed ledger technology (the “DLT Pilot Regi…

04/04/23

Luxembourg Administrative Tribunal rules on the tax treatment of share class redemptions

The share capital of Luxembourg companies may be divided into different classes of shares that provide the shareholder(s) with different rights. Here,…

03/04/23

New ML/TF risk assessment questionnaire for life insurance intermediaries

The CAA circular letter 23/3 on the harmonised quantitative money laundering and terrorist financing risk exposure assessment questionnaire addresses …

30/03/23

Luxembourg plans to amend tax procedure and documentation rules

The Luxembourg government proposes to reform certain aspects of the tax assessment and tax litigation procedures, as well as certain documentation obl…

29/03/23

The CSSF launches SFDR data collection for Luxembourg investment funds

28/03/23

Modernising the Luxembourg fund toolbox

Luxembourg further increases the attractiveness and competitiveness of its financial centre through targeted improvements to the Luxembourg fund rules…

27/03/23

The Law of 22 June 2022 on the management and recovery of seized or confiscated assets: what are the consequen…

The Law of 22 June 2022 on the management and recovery of seized or confiscated assets (the "Law of 2022"), which entered into force on 5 July 2022, a…

24/03/23

Bill of law – Modernization of the Luxembourg Investment Funds Toolbox

On 17 March 2023, the Chambre des Députés issued a first draft of a new bill amending the five sectoral laws regulating funds in Luxembourg.

23/03/23

Luxembourg Parliament voted a new law on arbitration

Today, the Luxembourg Parliament voted a new law on arbitration (the “Arbitration Law”), aiming to modernise the current arbitration legislation deeme…