Newsflashes

In a judgment dated 11 July 2023 ( docket No. 48677Ca and 48684Ca), the Luxembourg Higher Administrative Court ( Cour administrative) (the “ Court”) referred several questions to the European Court of Justice (the “ ECJ”) for a preliminary ruling. The questions focus on the application of legal

One-stop shop for EU SMEs with EU permanent establishment(s) On 12 September 2023, the European Commission (“ EC”) proposed a Directive establishing a Head Office Tax system for micro, small and medium sized enterprises and amending Directive 2011/16/EU. The contemplated Head Office Tax (“ HOT”)

On 4 August 2023, the draft law No. 8291 (the " Draft Law") aimed at (i) implementing Regulation (EU) 2022/2554 of 14 December 2022 on the digital operational resilience of the financial sector and amending Regulations (EC) No 1060/2009, (EU) No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU)

Background On 17 May 2023, ESMA issued its opinion on undue costs of UCITS and AIFs (the “ Opinion ” ). The Opinion follows ESMAs Common Supervisory Action ( “CSA”) with National Competent Authorities ( “NCAs”) launched in January 2021. The aim of the CSA was to assess compliance with the cost

On 30 August, the Luxembourg Parliament (“ Chambre des députés”) tabled draft law No.8304 (the " Draft Law") amending the law of 29 August 2008 on the free movement of persons and immigration (the " Law"). The Draft Law aims at transposing into national law Directive (EU) 2021/1883 of 20 October

A harmonized taxable basis for the EU On 12 September 2023, the European Commission (“ EC”) proposed a Directive on Business in Europe: Framework for Income Taxation (“ BEFIT” or the “ Proposal”). The Proposal replaces to a certain extent the Common Corporate Tax Based and Consolidated Corporate Tax