On 1 December 2020, the Luxembourg tax authorities issued Circular L.I.R. n°147/2, 166/2 and Eval. N°63 (“Circular”) related to the application of the EU Parent Subsidiary Directive (“PSD”) to companies incorporated in Gibraltar.
On 14 October 2020, the 2021 budget draft law (the “draft law”) was presented to Parliament. Given the current context of crisis, the Government decided that it was not the right time to increase taxes and/or perform a big tax reform and decided to postpone the introduction of some expected tax measures such as the reform of the tax class system for individuals
The COVID-19 pandemic has hit Luxembourg as other European countries since the beginning of the year 2020 and has adversely affected a number of issuers under CSSF's supervision.
Luxembourg Competition Council imposes highest ever fine on Bahlsen and supermarket chains Cactus, Auchan and Delhaize for resale price maintenance agreements
The Commission de Surveillance du Secteur Financier (the “CSSF”) has published a press release on 6 November 2020 confirming the dates of application of Regulation (EU) 2019/2088 on the sustainability-related disclosures in the financial services sector (“SFDR”)
On 19 November 2020 the Luxembourg supervisory authority for the financial sector, the CSSF, issued press release 20/23 (the 20/23 Press Release) on a communication from the United Kingdom (UK) Financial Conduct Authority (FCA) regarding the post-Brexit temporary permissions regime in the UK (TPR) (the FCA Communication).
In the context of a prospective acquisition of shares in a company in the telecommunications sector, and with the intention of rendering taxable management services to the target once acquired, Sonaecom purchased consultancy services consisting of a market study, for which it deducted all input VAT.
Recently, the Court of Justice of the European Union (“CJEU”) ruled on case C-623/171 and the joined cases C-511/18, C-512/182 and C-520/183 (the “Joined Cases”) on the lawfulness of national security laws of the United Kingdom, France and Belgium,
Regulation (EU) 2019/ 2088, on the sustainability–related disclosures in the financial services sector (“SFDR”) comes into effect on March 10, 2021. SFDR lays down harmonised rules for market participants and financial advisers on transparency with regard to the integration of sustainability risks
Depuis le début de la crise de Covid-19, le télétravail est devenu la règle pour un grand nombre de travailleurs. Il était donc devenu urgent d’en moderniser le cadre légal.
