Newsflashes

On July 26 th 2018, the Luxembourg tax authority (“ LTA”) issued a circular on the taxation of virtual currencies. The LTA clarifies therein the tax treatment of operations involving virtual currencies as regards to income tax, corporate income tax and net wealth tax. The LTA starts by refusing the

On July 5 th 2018, the Court of Justice of the European Union (the “ ECJ”) handed down an important ruling, clarifying that the letting of a building, by a holding company to its subsidiary, amounts to ‘involvement in the management’ of that subsidiary, which must be considered to be an economic

On August 23 rd 2018, the CSSF issued Circular 18/698 on the authorisation and organisation of investment fund managers and anti-money laundering and counter terrorist financing in relation to transfer agents and investment fund managers (the “ Circular”). The Circular immediately entered into

On September 14 th 2018, the Law of August 31 st 2018 (hereafter the “ Law”) was published in the Luxembourg Memorial A. The Law entered into force on September 18 th 2018 allowing the use of the " SIS" sign by companies authorised as societal impact companies, introduced in Luxembourg by the law of

HISTORY The law of August 1 st 2001 (the “ 2001 Law”) on the circulation of securities and other financial instruments was already, historically, an important step towards the modernisation of financial sector legislation. The modernisation was launched and a further significant step was taken in

The Luxembourg financial supervisory authority (“ CSSF”) is for long time considering innovation as a driver of paramount importance towards the continued development of the financial services and the financial sector. In this context, besides many other actions undertaken, CSSF announced today the