Newsflashes

In October 2019, the Organisation of Economic Cooperation and Development (" OECD") published a public consultation document on the so-called "Unified Approach" under Pillar I. Pillar I is concerned with the allocation of taxing rights between countries and seeks to undertake a review of the profit

On 8 November 2019, the Organisation of Economic Cooperation and Development (" OECD") published a public consultation document asking for comments on its Global Anti-Base Erosion (" GloBE") Pillar II proposal. This follows the publication of the OECD Secretariat’s "Unified Approach" under Pillar I

Background The Grand-Ducal Regulation of 26 October 2019 (the " Amending Grand-Ducal Regulation") amending the Grand-Ducal Regulation of 21 December 2017 relating to the fees to be levied by the CSSF updates the fee arrangements in order to, inter alia, take into consideration Regulation (EU) 2017

ESMA published new Q&A (the “ Q&A”) on Directive 2003/71/EC (the “ Prospectus Directive ”), to clarify various issues which may arise in relation to the implementation of the Prospectus Directive rules in case the UK withdraws from the EU without any withdrawal agreement in place (the so-called “

Updated Application Form and Undertaking Letter Following the entry into force of Regulation (EU) 2017/1129 of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the " Prospectus Regulation") and its transposing law

On 23 October 2019, the Luxembourgish Parliament (“ Chambre de Députés”) published a draft law reintroducing the favourable tax relief regime for capital gains on the sale of private land or dwellings (Bill n° 7486). This measure was first introduced in 2002 in order to stimulate the private housing