At the end of 2020, Luxembourg adopted the Act of 15 December 2020 on space activities (loi du 15 décembre 2020 portant sur les activités spatiales) (the "Space Act").
On 29 May 2020, a new draft law n°7605 has been presented to Parliament which will end the state of crisis as soon as it has become law and been published in the Memorial.
In response to the Covid-19 crisis, the Luxembourg Government declared the state of emergency by its regulation of March 18th, 2020, and passed several measures in the fight against Covid-19
Following the Luxembourg government’s declaration of a state emergency on 28 March 2020 and as part of the new measures implemented in response to the unprecedented and unforeseeable consequences of the Covid-19 pandemic
Luxembourg Parliament has today passed Bill No. 7532 named, “Bill regarding the establishment of a scheme of aid to companies in temporary financial difficulties and amending the Law of 19 December 2014, as amended, regarding
To better counter the financing of terrorism and increase transparency, a proposal for a directive amending Directive 2015/849 has been adopted. This proposal is aimed, inter alia, at (i) extending the list of obliged entities to virtual currency exchange platforms and custodian wallet providers, (ii) reducing the thresholds below which reduced Customer Due Diligence (CDD) may be applied in relation to certain pre-paid instruments, (iii) enabling FIUs and competent authorities to have access to information on accounts by requiring Member States to put in place automated centralised mechanisms for this purpose, such as centralised registries, (iv) setting up a minimum set of requirements to be applied by all Members States for the application of enhanced CDD when dealing with persons established in high-risk third countries and (v) granting public access to certain beneficial ownership information (in this context, the 25% shareholding threshold used to identify beneficial owners of corporate entities is lowered to 10% with respect to certain limited types of entities which are exposed to a specific risk of money laundering or tax evasion).
La perpétuelle évolution du droit luxembourgeois de l’anti-blanchiment ne connaît pas de pause estivale. Les règles du volet préventif de la lutte anti-blanchiment viennent en effet de subir deux modifications.
Luxembourg is on its way to take a crucial step towards a “paperless office”.
Circular L.G. - A. n°61 issued on February 12th 2015 (hereafter the "Circular") by the Luxembourg tax authorities (hereafter the "LTA") aims at clarifying their position with regards to the issuance of certificates of residence for undertakings for collective investments (hereafter "UCIs") as well as the specific procedure to be followed depending on the type of UCIs and the relevant country requesting the certificate of residence.
Long awaited, the draft law on the dematerialisation and preservation of documents is still passing through the adoption process.
