The Tax Bulletin for 2017, which you will find below (and which is available for download), gives an overview of the most significant tax developments that took place in our home markets, Belgium, Luxembourg, the Netherlands and Switzerland, in 2017.
The EU aims to equip its domestic economy with a broad and sustainable financial base by means of the Investment Plan for Europe (the “Investment Plan”). The Investment Plan promotes an investment friendly environment by establishing a true single market for capital, the so-called Capital Markets Union (the “CMU”)
This series provides more detailed insight into the General Data Protection Regulation, which was published on 4 May 2016 and must be complied with by 25 May 2018.
This issue focuses on the obligations directly imposed by the GDPR on processors. Indeed, processors have a number of new obligations under the GDPR, non-compliance with which may result in the imposition of sanctions.
An ICO is an unregulated and innovative way of public fund raising, by selling coins or tokens. By launching an ICO, a company (the Issuer) (startup and/or fintech company) or an individual, issue coins or tokens for sale in exchange of virtual currencies, such as Bitcoin. Sometimes, ICOs may as well involve traditional currencies
Intellectual property (hereinafter "IP") is a key factor in economic growth. In this respect, draft law n°7163 was tabled on 4 August (hereinafter "Project").
As part of the OECD and G20 BEPS Action Plan, countries agreed that any preferential regime should meet the requirement of substantial activity in order to realign taxation of profits with the origin of economic activities.
On May 17th 2017, the Commission de Surveillance du Secteur Financier (“CSSF”) published four new circulars including Circular 17/654 (“Cloud Circular”) concerning IT outsourcing, which modify the existing regulatory framework, and relate to cloud computing infrastructure. The purpose of the Cloud Circular is to clarify the regulatory framework governing IT outsourcing relying on a cloud computing infrastructure provided by an external provider.
On 20 October 2017, the European Securities and Markets Authority (the “ESMA”) updated its Questions and Answers Prospectuses document (27th version) (the “Q&A”) in relation to the new prospectus regulation (EU 2017/1129) (the “Regulation”) published in the Official Journal of the European Union on 30 June 2017.
On September 21st 2017, the European Court of Justice (the “ECJ”) rendered its judgements in three different cases regarding the interpretation of the VAT exemption of services supplied by independent groups of persons (“IGP”) to their members.
Le développement du commerce électronique et des échanges à distance a eu un impact fondamental sur la manière d’entrer dans une relation contractuelle. Si un contrat reste formé par la rencontre d’une offre et d’une acceptation, plusieurs problématiques spécifiques ont émergé de l’utilisation de ce nouveau moyen de communication et d’entrée en relations.
According to the Directive 2014/65/EU of 15 May 2014 on markets in financial instruments (“MiFID II”), Member States must transpose the directive in national law by July 3rd 2017 and apply those laws and regulations from January 3rd 2018. We have written on MiFID II and the delegated directive and regulations supplementing MiFID II in earlier newsletters.
