Newsletters & Newsflashes

The Administration de l’enregistrement, des domaines et de la TVA (“ AED”) in Luxembourg launched a campaign on 25 February 2025 inviting all alternative investment funds (“ AIFs”) to submit certain documentation in order to allow the AED to carry out its AML oversight obligations. Some of the

On 11 March 2025, the VAT in the Digital Age (ViDA) package has been finally adopted by the Council of the European Union and the measures will be turned out progressively until January 2035. The purpose of this package is to modernize and improve the VAT system in the EU to better align with the

Article 10 of the Business Continuation Law The law of 7 August 2023 on the preservation of businesses and the modernisation of bankruptcy law (the “ Business Continuation Law”), in Article 10, provides for the appointment of a judicial representative ( mandataires de justice ) when serious and

On 25 March 2025, the Luxembourg accounting board ( Commission des normes comptables, “ CNC”) issued a third Q&A with respect to Pillar 2 focusing on relevant accounting information to be provided in standalone and consolidated financial statements before and as of the transition year. Background

The long-awaited transposition into Luxembourg law of Directive (EU) 2022/2381 on improving the gender balance among directors of listed companies and related measures (the “ Directive”) is now on track. Draft law No. 8519 setting a quantitative target for gender balance among directors of listed

Background On 26 February 2025, the European Commission published the proposal for the Omnibus Simplification Package, which aims to simplify EU rules, reduce red tape, and unlock additional investment capacity. Among the changes proposed is the amendment to Directive (EU) 2024/1760 of the European

On 11 March 2025, the Economic and Financial Affairs Council (“ ECOFIN”) reached a political agreement on the amendment of Directive 2011/16/EU on administrative cooperation in the field of taxation (“ DAC”) to ease Pillar 2 filing obligations and implement the exchange for Pillar 2 information

On 3 March 2025, the government issued a draft Grand-Ducal Decree amending the existing Grand Ducal-Decree of 13 February 2018 implementing Article 4, paragraph 2, of the law of 23 December 2016 on Country-by-Country Reporting (“ CbCR”), the purpose of which is to update the list of ‘Reportable

On 19 January 2024, the Grand Duchy of Luxembourg and the Republic of Colombia have signed a convention for the elimination of double taxation with respect to taxes on income and on capital and the prevention of tax evasion and avoidance (the “DTT”). For more information, please refer to our

Introductory notes On 26 February 2025, the Law of 17 February 2025 (the “ Law”) transposing in the Grand Duchy of Luxembourg Directive (EU) 2019/2121 of the European Parliament and the Council of 27 November 2019 on cross-border conversions, mergers and divisions (the “ Mobility Directive”) was

On 12 February 2025, the CSSF introduced a new simplified procedure for creating new share classes that do not require a prospectus update. This applies to UCITS, UCI Part II, SIFs, and SICARs. The key points include that : the procedure is available only for share classes whose characteristics are

On 29 January 2025, the Luxembourg Tax Authorities (“ LTA”) issued a new Circular LITL No. 164/1 (the “ New Circular”), replacing Circular LIR No. 164/1 dated 23 March 1998 (the “ Previous Circular”) on the interest rates related to current account of associates or shareholders of entities subject