Newsflashes

On 9 September 2019, the Luxembourg Finance Minister Pierre Gramegna and the United States (“ U.S.”) Ambassador to Luxembourg exchanged ratification instruments of the Protocol amending the Double Taxation Convention between Luxembourg and the United States, thereby bringing into force the Protocol

On 3 July 2019, the ECJ published a judgment (C ‑ 316/18 University of Cambridge v HMRC) clarifying whether input VAT relating to fees, paid by a not-for-profit educational establishment in the context of the investment of donations and endowments in a fund, may be deducted. The case concerned the

Following the adoption of the new law on the Intellectual Property Tax Regime (“ IP Regime”) on 22 March 2018 (please refer to our newsletter dated March 2018 on that topic), the Luxembourg Tax Administration published on 28 June 2019 Circular L.I.R. n° 50ter/1 clarifying the application of the IP

On 2 September 2019, the CSSF updated the below sets of frequently asked questions (the “ FAQs”) for the purposes of, adding a new question regarding obligations to be complied with in case of data transfers by a central administration or a depositary to another service provider: a) Frequently Asked

On 2 September 2019, ESMA published the Final Report on the Guidelines on liquidity stress testing in UCITS and AIFs (hereinafter the “ Guidelines”), taking into account the feedback received by ESMA’s earlier consultation paper further to the recommendations by the ESRB in April 2018 in introducing

On 15 July 2019, ESMA published an updated version of the Questions & Answers (hereinafter the “ Q&A”) on the implementation of the Regulation (EU) 648/2012 of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (hereinafter referred to as “ EMIR”) following the