News & Articles

02/05/23

DAC8: EU extends administrative cooperation to crypto-assets

On 8 December 2022, the EU Commission adopted a new proposal for a Directive, the so-called “DAC8” (hereafter referred to as the “DAC8 Proposal” or “t…

28/04/23

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,…

26/04/23

New AML package is now close to the final stage

On 19 April 2023, the EU Parliament announced the approval of its negotiating mandate for three of the four proposed pillars of the much-anticipated n…

25/04/23

CSSF supervisory priorities in sustainable finance

On 6 April 2023, the Commission de surveillance du secteur financier (the « CSSF ») published its supervisory priorities in sustainable finance, which…

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