Actualités et articles

20/06/24

Pillar Two Law to be amended to incorporate OECD Guidance.

On 12 June 2024, a draft law (the “Draft Law”) was presented to Parliament to amend the Luxembourg law of 22 December 2023 on the minimum effective ta…

20/06/24

Update on the AML-CTF Package: publication in the Official Journal of the European Union (“OJEU”) on 19 June 2…

The last three remaining texts of the AML-CTF Package (i.e. the AML Directive [1], the AMLA Regulation [2] and the AML Regulation [3]) have been publi…

19/06/24

Amendments to Luxembourg laws to implement MiCAR and TFR: key takeaways and impact on VASPs

On 21 May 2024, a bill of law n° 8387 was introduced before the Luxembourg Parliament. Its objective is to amend several pieces of Luxembourg legislat…

17/06/24

Implementation of EU acts on digital operational resilience (DORA) into Luxembourg law: new requirements upon …

On 13 June 2024, bill of law 8291 on digital operational resilience (“DORA”) (the “Law”) was voted by the Parliament.

13/06/24

Toll manufacturer (again) does not constitute VAT fixed establishment of its principal

On numerous occasions in recent years the European Court of Justice (ECJ) had to decide whether VAT fixed establishments were present within corporate…

07/06/24

ESMA Final Report on Greenwashing

ESMA has published its Final Report on Greenwashing. This much-anticipated publication follows the Progress Report on Greenwashing published in May 20…

04/06/24

Law introducing measures for reviving the construction sector: Commentary

On 31 May 2024, a law introducing various measures to revive the construction sector was published (the “Law”). According to the government’s communic…

31/05/24

Luxembourg Draft Law proposes welcome tax clarifications and new provisions

On 23 May 2024, the Luxembourg Minister of Finance presented to Parliament a draft bill of law (the “Draft Law”), which, inter alia, (i) clarifies the…

31/05/24

Luxembourg Government proposes minor tweaks to tax rules following recent case law

On 23 May 2024, the Luxembourg Government has submitted the tax bill 8388 for approval to the Luxembourg Chamber of deputies. The bill proposes amendm…

28/05/24

Key Tax Measures Unveiled

On 23 May 2024, bill of law 8388 (Bill) was submitted to the Luxembourg Parliament, introducing several measures that complement existing domestic tax…

27/05/24

Luxembourg government publishes targeted tax reform proposals promoting legal certainty

On 23 May 2024, the Luxembourg government filed a bill of law and a draft of Grand Ducal regulation notably to (i) further clarify the tax treatment o…

22/05/24

CSSF’s communication on ESMA final report on guidelines on funds’ names using ESG and sustainability-related t…

21/05/24

New tax measures announced by the Luxembourg Prime Minister

On 11 June 2024, during his speech on the State of Nation, the Luxembourg Prime Minister Luc Frieden has announced a series of measures which include …

16/05/24

The European Commission reports on the open and targeted consultations on the SFDR assessment

The Sustainable Finance Disclosures Regulation (SFDR1) applies since March 2021 with a view to providing transparency to investors about the sustainab…

23/04/24

Exploring the synergy: VAT and transfer pricing

16/04/24

ECON opinion on EC proposal for Transfer Pricing Directive

On 22 February 2024, the Economic Monetary Affairs Committee (“ECON”) of the European Parliament adopted its opinion on the European Commission’s (“EC…

28/03/24

Luxembourg Tax Administration publishes FAQ on Pillar Two transition rules regarding deferred tax assets and l…

On 25 March 2024, the Luxembourg Tax Administration (“LTA”) published an FAQ aiming to clarify the application of the law of 22 December 2023 transpos…

25/03/24

Publication in the Official Journal of the European Union of the Regulation on instant credit transfers

On 19 March 2024, Regulation (EU) 2024/886 of the European Parliament and of the Council of 13 March 2024 amending Regulations (EU) (i) No 260/2012 es…

19/03/24

MiCAR Levels 2 and 3 measures – where do we stand?

Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets (“MICAR”) will enter into applicati…

18/03/24

Impact of the Luxembourg Pillar 2 rules on 2023 annual and consolidated accounts

In February and march 2024, the Luxembourg accounting standards board (CNC) published two Q&As that provide useful guidance on the impact of the p…