Latest Newsflashes
Jun 17, 2022New legislation in Luxembourg concerning the freezing and confiscation of proceeds of crime
On the 14th of June, the Luxembourg parliament adopted the draft bill no 7452 aiming to finalise the transposition of directive no 2014/42/EU of the European Parliament and of the Council on the freezing and confiscation of instrumentalities and proceeds of crime in the European Union (the “Law”)
May 25, 2022Newsflash | EU Commission: draft Directive on tax incentive to reduce debt-equity bias
On 11 May 2022, the European Commission (hereafter the “ Commission”) published a proposal to create a level playing field for debt and equity from a tax perspective. The Commission proposes to introduce a debt-equity bias reduction allowance (hereafter “ DEBRA”) and a further limitation of the tax
May 20, 2022Newsflash | Loi du 9 décembre 2021 portant modification du Code de procédure pénale
En date du 2 décembre 2021, la Chambre des Députés a procédé au vote du projet de loi N°7785 portant modification du Code de procédure pénale. La loi qui est désormais entrée en vigueur prévoit une série de modifications procédurales en matière pénale non liées entre elles, dont notamment: Une
Apr 20, 2022Sustainable Finance Insight Series – 15 | ESA issues supervisory statement on the application of SFDR
On the 24 March 2022, the European Supervisory Authorities (ESAs) issued a supervisory statement with the aim of reducing the risk of divergent applications of Regulation (EU) 2019/288 on sustainability-related disclosures in the financial sector in addition to Article 5 and 6 of Regulation (EU)
Apr 13, 2022Decision of the Court of Cassation on the deductibility of VAT incurred on general expenses
In a recent decision, the Luxembourg Supreme Court ( Cour de cassation) rejected an appeal ( pourvoi en cassation) lodged by Luxembourg VAT authorities ( Administration de l’enregistrement, des domaines et de la TVA, “ AEDT”) against a decision of the Court of Appeal ( Cour d’appel). The case
Apr 13, 2022Higher Administrative Court rules tax administration must adequately explain the position taken in a tax assessment
In a judgment dated 17 March 2022, the Luxembourg Higher Administrative Court ( Cour administrative) ruled that tax assessments issued by the Luxembourg Tax Administration (“ LTA”) must adequately explain the reasons justifying the position taken therein in order to enable the taxpayer to understand