Newsletters & Newsflashes

In a recently published consultation document entitled “ Preventing Abuse of Residence by Investment Schemes to circumvent the CRS”, the Organisation for Economic Co-operation and Development (hereafter “ OECD”) was seeking input on how to reduce the risk of using “ residence by investment” (“ RBI”)

Private equity investments channelled via Luxembourg investment vehicles (“ Luxco”) typically generate tax-exempt income (dividends, capital gains) to the investors and are generally funded by way of debt, for example taking the form of convertible preferred equity certificates (“ CPECs”) or

The Luxembourg Income Tax Code assesses Luxembourg taxpayers differently, depending upon whether they realise business income or income from private financial wealth management. In case of business income, any capital gain will be taxable, as a matter of principle, contrary to capital gains realized

This newsletter is intended as a general discussion of the following topics: Banking & Finance, Capital Markets, Corporate, Investment Funds and Tax. If you would like to know more about the topics covered in this newsletter or our services please contact us. AML Beneficial Ownership Registers |

On December 8 th 2017, the Luxembourg tax authorities issued the new circular L.G.-A. No. 61 (replacing the previous Circular dated February 12 th 2015, please see our previous newsletter dated March 2 nd 2015) which aims to cover the procedure applicable to the request of tax residency certificates

The Luxembourg tax administration issued a new circular L.I.R. 104/2 dated November 29 th 2017 replacing the previous circular dated December 20 th 2012 regarding the tax treatment of warrants and stock-options allocated to employees. The new circular changes the lump sum valuation method of

On December 19 th 2017, the Minister of Finance of Luxembourg presented a draft bill to Parliament to amend the law of November 25 th 2014, as regards the procedure applicable to the exchange of information on request (the “ Draft Law”). The purpose of the Draft Law is to give full effect to the

On December 15 th 2017, the Law concerning the budget of State revenue and expenditure for the financial year 2018 (the “ Budget Law”) was passed. Listed below are the main measures of the Budget Law, which took effect on January 1 st 2018, in relation to (i) natural persons and (ii) companies. For

On December 20 th 2017, the Court of Justice of the European Union (“ ECJ”) rendered its judgment in the joined cases of Deister Holding AG (Case C-504/16) and Juhler Holding A/S (Case C-613/16) v. Federal Central Tax Office of Germany ( Bundeszentralamt für Steuern) concerning the refusal to exempt

On November 23 rd 2017, the Luxembourg government adopted a Grand-ducal Decree (the “ Grand-ducal Decree”) which abolished the Grand-ducal Decree dated January 21 st 2004 regarding the VAT exemption of services supplied by independent groups of persons (“ IGP”) to their members. The object of the

In its judgement handed down on November 22 nd 2017 in case C-251/16, the European Court of Justice (the “ ECJ”) had to rule on a reference for preliminary ruling by the Irish Supreme Court on the question of whether or not the principle of abuse of rights, as found applicable in the sphere of VAT

This newsletter is intended as a general discussion of the following topics: AML, Banking & Finance, Capital Markets, Data Protection, Dispute Resolution, Investment Management, IP/IT and Tax. If you would like to know more about the topics covered in this newsletter or our services please contact