Newsflashes

On 28 October 2024, the EU Commission (“ EC”) introduced a proposal to amend Directive 2011/16/EU on administrative cooperation in the field of taxation (“ DAC”) to ease the exchange for Pillar Two information returns within the EU (the “ EC Proposal”). Background On 20 December 2021, the OECD and

On 10 December 2024, the Council of the European Union (“ Council”) formally adopted the Directive for Faster and Safer Relief of Excess Withholding Taxes (“ FASTER Directive”). The FASTER Directive was subsequently published in the Official Journal of the European Union on 10 January 2025. Key

On 16 October 2024, the Grand Duchy of Luxembourg and the Sultanate of Oman have signed a treaty for the elimination of double taxation with respect to taxes on income and on capital and the prevention of tax evasion and avoidance (the “ DTT”). The ratification of the DTT is currently pending in

Navigating WAL, WAM, and liquidity thresholds under MMFR Recent updates to the FAQ on Money Market Funds Regulation (“ MMFR”) (the “ FAQ”) bring clarity to compliance with Weighted Average Life (“ WAL”), Weighted Average Maturity (“ WAM”), and liquidity thresholds. Scope of Circular CSSF 24/856: WAL

On 4 December 2024, the " Listing Act", entered into force which includes: Regulation (EU) 2024/2809 amending Regulation (EU) 2017/1129 (the " Prospectus Regulation"), Regulation (EU) 600/2014 (" MiFIR") and Regulation (EU) 596/2014 (" MAR") to make public capital markets in the Union more

Continuation of the temporary LTV adjustment for buy-to-let consumer residential real estate loans CSSF Regulation No. 24-10 of 30 December 2024 extends a temporary adjustment to CSSF Regulation N° 20-08 which regulates maximum LTV ratios applicable to residential real estate loans for immovable