Newsflashes

Context The Luxembourg Parliament ( Chambre des Députés) has passed a law on inactive (also sometimes referred to as dormant) bank accounts and safe deposit boxes and on unclaimed life insurance policies (the “ Law”), thereby creating a specific legal framework on matters that until now were

On the 29th of March 2022, during a joint meeting of the Finance and Budget Committee and the Justice Committee at the Luxembourg Parliament, Finance Minister Yuriko Backes and Justice Minister Sam Tanson gave an update on the implementation of the restrictive measures taken by the European Union in

The Luxembourg tax authorities issued a circular on 8 January 2021 on the interest deduction limitation rules (“ ILR”) as foreseen in Article 168bis of the Luxembourg income tax law (“ LITL”). The original circular was already amended several times ( Circulaire du directeur des contributions L.I.R

On 28 March 2022 the CSSF published frequently ask questions (the “ FAQs”) in relation to the annual completion and transmission of the fight against money laundering and terrorist financing compliance officer’s summary report (the “ AML/CFT RC report”) as defined in Article 42 (6) and 42 (7) of the

On 22 March 2022 the Organisation for Economic Co-operation and Development (“ OECD”) released a public consultation document concerning a new global tax transparency framework to provide for the reporting and exchange of information with respect to crypto-assets, as well as proposed amendments to

As previously detailed in our newsflash dated 19 March 2020 (as updated), the Luxembourg Government has once again agreed on an “exceptional measure” with the Belgian, French and German Governments regarding the taxation of Belgian, French and German cross-border commuters normally working in