Newsflashes

In a judgment dated 20 December 2022, the Luxembourg Higher Administrative Court ( Cour administrative, hereinafter the " Court") ruled on the application of paragraph 205, sub-paragraph 3 of the General Tax Law ( Abgabenordnung or " AO") in the context of the examination of a claim by the Director

The Luxembourg Commission de Surveillance du Secteur Financier (the " CSSF") published on 16 May 2022 Circular 22/811 (the " Circular ") on the authorization and organization of entities acting as UCI Administrator. The Circular replaces Chapter D of Circular IML 91/175 and provides detailed

New transparency rules will require service providers to report crypto-asset transactions On 8 December 2022, the European Commission published its proposal for an eighth amendment to the Council Directive 2011/16/EU on administrative cooperation (" DAC8"), which aims to prevent tax fraud, tax

On 23 December 2022, the Law of 23 December 2022 concerning the State revenue and expenditure budget for the year 2023 (the " Law") was published. As a reminder, under the Law on the State revenue and expenditure budget for the year 2021, a reduced subscription tax was introduced for investment

On 24 June 2022, the European Commission published the Commission Delegated Regulation (EU) 2022/975 (the " Delegated Regulation") in the Official Journal of the EU. This Delegated Regulation postponed the application date of particular disclosure requirements under Regulation (EU) No 1286/2014 on

Background On 22 September 2022, the Court of Justice of the European Union (" ECJ") rendered its judgment in case C-538/20 (i.e., Finanzamt B and W AG) finding that Germany does not infringe the freedom of establishment in not allowing the tax-deduction of final losses which a German company had