News & Articles

30/06/23

New law on non-profit organisations and foundations

The Law aims to simplify and modernise the legal framework created by the century-old law of 21 April 1928, by replacing its outdated provisions.

26/06/23

Clarifications on the reverse hybrid rules by the Luxembourg Tax Authorities

23/06/23

The right to disconnect: coming imminently

Employers will have to put in place specific arrangements to protect employees’ right to disconnect, or face financial penalties.

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

A new Senior Counsel in BSP Tax department : Ali Ganfoud joins the team

BSP is pleased to announce the arrival as of 1st June of Senior Counsel Ali Ganfoud. Ali has joined BSP’s Tax department as Knowledge Manager.

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…

20/06/23

New FDI screening law in Luxembourg: what non-EEA investors need to know before investing in a critical sector…

16/06/23

New Commission’s proposal on the EU Retail Investment Strategy

“Only 38% of consumers are confident that the investment advice they receive from financial intermediaries is primarily in their best interest”, a rec…

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…

15/06/23

Luxembourg adopts national filtering mechanism for foreign direct investments likely to undermine security or …

On 13 June 2023, the Luxembourg Parliament voted the law establishing a mechanism for the national screening of foreign direct investments likely to u…

15/06/23

ESG in the banking and insurance sectors: ESA progress reports on greenwashing

On 1 June 2023, each of the ESAs published a progress report on green washing in the financial sector.

14/06/23

Luxembourg tax authorities issue initial administrative guidance on reverse hybrid rules

On 9 June 2023, the Luxembourg tax authorities have issued a first circular (No 168quater/1) on the application of the so-called reverse hybrid rules.…

12/06/23

Pierre-Alexandre DEGEHET joins KLEYR │ GRASSO as a partner in its Corporate Finance and Capital Markets practi…

KLEYR │ GRASSO is strengthening its expertise in Corporate Finance and Capital Markets with the arrival of Pierre-Alexandre DEGEHET. Admitted to the L…

09/06/23

Pay transparency: get ready!

From 7 June 2026, employers in Luxembourg must significantly increase their transparency about the remuneration of men and women.

08/06/23

ESAs put forward common understanding of greenwashing

As part of its aspiration that supervisors play an essential role in identifying, preventing, investigating, sanctioning, and remediating greenwashing…

07/06/23

Luxembourg VAT authorities clarify VAT treatment of company cars

The newly published circular clarifies the vat treatment set out in circular n°807, which was published shortly after the cjeu’s decision

06/06/23

A new Governance for Arendt

Arendt appoints a new governance as of 1 April 2023 for a three-year term.

06/06/23

Fraudulent transfer: the payment services law protects the banker of the payee

The decision of the Court of Appeal of 7 March 2023 (now res judicata) is worth highlighting in relation to the issue of the liability of the banker, …

05/06/23

Mourant completes expansion into Luxembourg

Professional services firm, Mourant, has confirmed the completion of its expansion into Luxembourg, with law firm, LexField, and governance services b…