Latest Newsflashes
Apr 20, 20262025 OECD commentary I Cross-border remote work and permanent establishment
The 2025 update to the OECD Model Tax Convention , published in November 2025, is the first comprehensive revision since 2017. The update notably provides clarification to the Commentary of Article 5 on when a home office of a cross-border worker may constitute a permanent establishment. Why this
Apr 20, 2026LuxSE's Rules & Regulations I New pre-CSD admission pathway for EM3S securities and DLT definitional alignment
The Luxembourg Stock Exchange (" LuxSE") March 2026 update to its Rules & Regulations (the "R&R") introduces two key changes. First, securities listed on the Euro MTF Specialist Securities Segment (" EM3S") may now be admitted to listing before being recorded in a central securities depository ("
Apr 20, 2026Listing Act | ESMA prospectus implementation guidance
On 18 February 2026, ESMA published a public statement providing guidance to national competent authorities (" NCAs"), issuers and their advisers on the implementation of certain changes to the Prospectus Regulation (EU) 2017/1129 (the " Prospectus Regulation" or " PR"), as amended by Regulation (EU
Apr 20, 2026Net assets of liberal professionals | Dividends from a client company: investment income or professional income?
On 11 February 2026, the Lower Administrative Tribunal ( Tribunal administratif ) ruled in favour of a taxpayer-lawyer, holding that his 100% shareholding in a UK company did not form part of the net assets ( actif net investi ) of his law firm, and that the dividends received therefore qualified as
Apr 20, 2026MAR | Simplified Buy-Back Reporting Rules and CJEU Ruling on insider lists as inside information
Two recent developments under the Market Abuse Regulation (Regulation (EU) No 596/2014) (" MAR") deserve attention. First, on 27 February 2026, ESMA published a report (the " Report") proposing amendments to Commission Delegated Regulation (EU) 2016/1052 (the " Buy-Back Delegated Regulation")
Apr 20, 2026Tax Omnibus I Simplifying EU corporate taxation for 2026
Background The European Commission has launched the Tax Omnibus initiative (the “ Initiative” or “ Tax Omnibus”) to simplify and modernise corporate direct taxation across the EU. The aim is to reduce administrative burdens, clarify rules, and increase the competitiveness of the internal market. The