Actualités et articles

02/01/23

The Property Tax Reform Bill

To clamp down on speculation and the growth of property prices, Bill No. 8082 ("Property Bill") was filed with the Luxembourg Parliament on 10 October…

27/12/22

EMIR 3.0 – The new EU Commission proposal

On 7 December 2022, the EU Commission published a proposal for a regulation to amend EMIR (amongst others), with the primary aim of making EU clearing…

24/12/22

Luxembourg 2023 budget law passed – focus on tax measures

The Luxembourg government filed three new bills in the week of 10 October 2022 concerning:the 2023 budget, housing supply reform, a temporary reductio…

23/12/22

Public access to RBO invalidated by CJEU

Elvinger Hoss Prussen triggered a landmark preliminary ruling on 22 November 2022, in which the Court of Justice of the European Union ("CJEU") has de…

23/12/22

Pillar Two: OECD publishes safe harbour rules and opens consultation on tax compliance and certainty

On 20 December 2022, the OECD released new documents relating to the global minimum taxation rules (GloBE rules, which form part of the Pillar Two ini…

22/12/22

New proposal to amend EU directive on administrative cooperation in the field of taxation (DAC 8)

21/12/22

Pillar One: draft multilateral convention provisions for removing digital services taxes

On 20 December 2022, the OECD released a public consultation document on the Pillar One Multilateral Convention (MLC) provisions for (i) removing digi…

20/12/22

CJEU ruling of 8 December 2022: the obligation of lawyers to notify other intermediaries pursuant to DAC6 rule…

In a judgment dated 8 December 2022 (Case C-694/20), the Grand Chamber of the Court of Justice of the European Union (“CJEU”) ruled that the obligatio…

16/12/22

Les risques et périls liés à une requalification d’un prêt en apport déguisé

Dans un récent jugement retentissant du 23 septembre 2022, le tribunal administratif a rejeté la déduction d’intérêts notionnels sur un prêt sans inté…

13/12/22

DAC6 - Obligation for lawyers to notify other intermediaries judged invalid by the CJUE (C-694/20)

The Court of Justice of the European Union rendered its judgment in Case C-694/20 (Orde van Vlaamse Balies and Others) regarding the compatibility of …

05/12/22

The Luxembourg property tax reform: too slow to address efficiently the housing challenges!

In the Grand Duchy of Luxembourg, property tax is one of the oldest taxes, and its reform, which has been part of the political discussion for years, …

01/12/22

A low degree of similarity?

In a recent decision, the General Court held that the trade mark consisting of a figurative animal (right) does not cause a likelihood of confusion wi…

30/11/22

No longer public access to UBO data without legitimate interest

On 22 November 2022, the Court of Justice of the European Union (the "CJEU") struck down the provision of the 5th AML Directive 2018/843 ("AML V") whi…

25/11/22

ECJ judgment invalidates the provision of AMLD V allowing access to the beneficial owner registers by the gene…

The European Court of Justice (“ECJ”) rendered a decision on 22 November 2022[1] in response to questions raised by the Luxembourg district court in r…

24/11/22

AML V & register of beneficial owners: a public access feature found to be invalid by the CJEU

On 22 november 2022, the european court of justice ruled that the “public access” feature of the luxembourg register of beneficial owners would be inv…

22/11/22

DORA: the forthcoming EU legal framework on Digital Operational Resilience in the financial sector

The rules on the use of information and communication technology ("ICT") in the financial sector were traditionally country and institution-specific t…

21/11/22

ESG in the banking sector - EBA Report on the integration of ESG risks into the SREP

On 24 october 2022, the European banking authority (“eba”) published its report on the integration of esg risks in the supervision of investment firms…

14/11/22

ATAD III: where is it heading to?

On 8 September 2022 the EU Committee on Economic and Monetary Affairs of the European Parliament (EP) published new amendments to the draft Directive …

11/11/22

Luxembourg temporarily reduces VAT rates

With the Luxembourg Parliament’s adoption of bill of law no. 8083 published on 26 October 2022, a 1% reduction of all VAT rates (except the super-redu…

08/11/22

EU top court sides with Fiat in Luxembourg State aid case

On 8 November 2022, the Court of Justice of the European Union (“CJEU”) set aside the EU General Court’s judgment of 2019 and annulled the Commission’…