Newsletters & Legal Alerts

On 28 July 2021, the Luxembourg Tax Administration (“LTA”) published Circular L.G.-A no 67 setting out general guidance on the application of administrative fines in cases of tax fraud, criminal fraud

The European Commission proposes a new anti-money-laundering draft legislation package to strengthen the EU's anti-money laundering and countering terrorism financing rules   On 20 July 2021, t

Le projet de loi 7791, visant à clarifier si les règles relatives à l’assistance financière contenues dans la loi luxembourgeoise sur les sociétés commerciales du 10 août 1915, telle que modifiée (LSC

The draft law 7791 aiming at clarifying whether the rules regarding financial assistance contained in the Luxembourg law on commercial companies of 10 August 1915, as amended (LSC) shall apply to priv

On 26 July 2021, the law of 21 July 2021 transposing the directive (UE) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regar

On 11 May 2021, the Lower Administrative Court (Tribunal administratif) ruled that contributions to the Account 115 should not be taken into account when determining whether the acquisition price of s

On the 21 April 2021, the European Commission released a package of measures to help improve the flow of money towards sustainable activities across the European Union, in line with the European

An infographic to summarise fiscal deadlines for funds in Luxembourg.  

On 10 June 2021, the Commission de Surveillance du Secteur Financier (the “CSSF”) published an updated version of its Frequently Asked Questions concerning the Luxembourg Law of 17 December 2010 relat

According to Article 37 of Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (“MMFR”), the manager of a money market fund (“MMF”) must repor

The purpose of the draft law 7825, submitted to the Luxembourg Parliament (Chambre des Députés) on 21 May 2021 (the “Draft Law”), is to operationalise Regulation (EU) 2020/1503 of 7 October 2020 on th

On 21 May 2021, the Luxembourg Parliament (Chambre des Députés) published an amended version of the Draft Law 7737 transposing the directive (UE) 2019/1160 of the European Parliament and of the C

Evelyn Maher and Christoforos Soteriou lead you through the regulatory environment and update you on recent developments.   You can listen also on Spotify or on BSP's YouTube channel.  

On 28 May 2021, ESMA published updates to its Questions and Answers (the “Q&A”) relating to Regulation (EU) 2017/2402 of 12 December 2017 laying down a general framework for securitisation and cre

EXTENSION Alors que la situation due à la pandémie actuelle continue à avoir un impact sur la bonne gouvernance des sociétés et autres personnes morales, le législateur luxembourgeois a décidé d'éten

EXTENSION While the coronavirus pandemic situation continues to have an impact on the sound governance of companies and other legal entities, the Luxembourg legislator decided to extend the possibili

As elaborated in our BSP Sustainable Finance Insights Series 6, on 8 June 2020, the European Commission published a set of draft delegated acts concerning the integration of sustainability factors und

Following two preliminary references from Austrian courts, the European Court of Justice (“ECJ”) ruled in a judgment handed down on 17 June 2021 that certain tax services and the granting of a license

Introduction On 5 June 2021, the G7 had a summit in London during which the Finance Ministers agreed on the implementation of a global corporate minimum tax of 15% (the “global minimum tax rate”) as

On 4 June 2021, the Director of the Luxembourg tax authorities issued circular LIR No.105/2 regarding the tax treatment of certain expenses incurred by individuals (the “Circular”). GENERAL TAX TREAT

Le 8 juin 2021, les députés ont voté à l'unanimité en faveur du projet de loi n° 7307 (ci-après le « projet de loi ») dont la grande majorité des dispositions entrera en vigueur le 16 septem

The Working Group on Tax Conventions and Related Questions (the “Working Group”) of the Organisation for Economic Co-operation and Development (the “OECD”), the subsidiary body of the OECD Committee o

CONTEXT On 1 June 2021, public country by country reporting (“CbCR”) has been proposed as an amendment to the Accounting Directive 2013/34/EU (the “Accounting Directive”) through the introduction of

As previously detailed, inter alia, in our newsflash dated 19 March 2020 (as updated), the Luxembourg Government has once again found an agreement on the “exceptional measures” put in place with the B

On 28 May 2021, ESMA published an updated version of the Questions & Answers (hereinafter the “Q&A”) on the implementation of the Regulation (EU) 2016/1011 of 8 June 2016 on indices used as be

On 29 March 2021 and on 28 May 2021, ESMA updated its Questions and Answers ("Q&As") concerning investor protection and intermediaries topics under Directive 2014/65/EU of 15 May 2014 on markets i

The European Commission has taken the opportunity in the post-pandemic context to publish a communication on 18 May 2021 in which it sets out its future projects in the field of taxation in the Europe

The long anticipated draft law 7825 (the “Draft Law”) has been submitted to the Luxembourg Parliament (Chambre des Députés) by the Luxembourg Minister of Finance on 21 May 2021.