Latest Newsflashes
Jan 04, 2024European Council: Biannual update of the EU list of non-cooperative jurisdictions for tax purposes
On 17 October 2023, the European Council (the " Council") has updated the list of non-cooperative jurisdictions for tax purposes. Antigua and Barbuda, Belize and Seychelles have been added to the EU list of non-tax cooperatives jurisdictions. The EU List is published as an annex to the conclusions
Jan 03, 2024NPL Directive | Update on transposition into Luxembourg law
Directive (EU) 2021/2167 of 24 November 2021 on credit servicers and credit purchasers and amending Directives 2008/48/EC and 2014/17/EU (the “ Directive”) which will regulate the sale, purchase and servicing of non-performing loans originated by EU Banks should have been transposed in all Member
Dec 22, 2023Newsflash | CJEU judgement on VAT treatment of directors’ fees
On 21 December 2023, the Court of Justice of the European Union (“CJEU”) delivered its highly anticipated judgement following the preliminary ruling referral by a Luxembourg court regarding the VAT regime applicable to an individual acting as director of Luxembourg public limited liability companies
Dec 18, 2023Newsflash | ECJ Rules in favour of Amazon in State aid case
On 14 December 2023, the Court of Justice of the European Union (“ CJEU”) decided in favour of Amazon in State aid case C-457/21 P by confirming the General Court’s conclusion that the Commission did not demonstrate that Luxembourg granted a selective advantage to Amazon. Following the opinion of
Dec 06, 2023Social Elections 2024: are you ready?
It's been 5 years since the last social elections! You now have just under one month to prepare for the next elections. On March 12, 2024, all Luxembourg companies, regardless of the nature of their activities, employing at least 15 employees over a 12-month period will have to organize social
Nov 27, 2023Newsflash | The minimum net wealth tax rules for holding companies ruled unconstitutional
On 10 November 2023, the Constitutional Court (case n°00185) held that some of the Luxembourg minimum net wealth tax rules are in breach of the principle of equality before the law of the Luxembourg Constitution. It results those taxpayers subject to the EUR 4,815 minimum net wealth tax (i.e
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