Newsflashes

On 28 July 2023, the CSSF published In changes to the frequently asked questions regarding the submission of closing documents and financial information by managers (the “ FAQ”). This article provides a succinct summary of the key changes, tailored for a quick review. Context The FAQ provide certain

On 23 August 2023, the Luxembourg Business Register (hereinafter " LBR") issued circular 16/02 (the " Circular") aiming to provide certain clarifications regarding the steps to be taken with the LBR, following the entry into force of the law of 23 July 2016 on reserved alternative investment funds

Harmonized TP framework for the EU On 12 September 2023, the European Commission (“ EC”) introduced a proposal for a Directive on transfer pricing (the “ TP Directive”). This proposal follows the EC communication “Business Taxation for the 21st Century” on 18 May 2021 and has been issued together

In a recent development, the CSSF has issued Circular 23/839, amending circular CSSF 21/789 concerning, inter alia, the self-assessment questionnaire to be submitted annually by investment fund managers and rules concerning the management letter (as amended the “ Circular”). The Circular

On 4 July 2023, in its judgment C-252/21 Meta Platforms Ireland and Others v Bundeskartellamt, the Court of Justice of the EU (the “ Court”) ruled on the interplay between the EU’s competition and data protection regulations, as well as on the core of the business model of the worldwide leading

Key takeaways On 7 September 2023, the European Court of Justice (“ ECJ”) issued its ruling in case C-453/22 where a VAT taxable person has been considered entitled to recover overpaid VAT from VAT authorities directly when the latter is not in a position to recover such overpaid VAT from its