Jan 16, 2020
BSP Newsletter | January 2020
This newsletter is intended as a general discussion of the following topics: Banking & Financial Services, Capital Markets, Corporate and M&A, Investment Management, Tax.
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Dec 04, 2019
Abuse of Law in Relation with Use of SPFs
In a judgment handed down on 12 November 2019, the Luxembourg Lower Administrative Court (Tribunal administratif) ruled in favour of the disallowance of interest expenses paid under bonds held by a fa
Dec 03, 2019
Preliminary Question to Constitutional Court on Retroactivity of Tax Laws
On 26 November 2019, the Luxembourg Higher Administrative Court (Cour administrative) referred a preliminary question to the Constitutional Court (Cour constitutionnelle) concerning the compatibility
Jan 16, 2020
Luxembourg Parliament Adopts Budget Law 2020 and ATAD 2
Budget Law 2020 On 19 December 2019, the Luxembourg Parliament voted to approve the 2020 Budget Law (the "Budget Law"), which introduces several tax related measures, namely: i.
Nov 21, 2019
OECD Releases its "Global Anti-Base Erosion" Proposal (Pillar II)
On 8 November 2019, the Organisation of Economic Cooperation and Development ("OECD") published a public consultation document asking for comments on its Global Anti-Base Erosion ("GloBE") Pillar II p
Dec 02, 2019
OECD Releases its "Unified Approach" Proposal (Pillar I)
In October 2019, the Organisation of Economic Cooperation and Development ("OECD") published a public consultation document on the so-called "Unified Approach" under Pillar I.
Jan 16, 2020
Parent-Subsidiary Directive and Gibraltar Companies
On 24 October 2019, Advocate General ("AG") Hogan published his opinion in the case ‘GVC Services (Bulgaria)’ EOOD v Direktor na Direktsia Obzhalvane i danachno-osiguritelna praktika – Sofia (Case C-4
Jan 01, 2020
Tax Treaties Update
As of 1 January 2020, Luxembourg’s already comprehensive double tax treaty network has been expanded, by the entry into force of a new double tax treaty with Kosovo. The double tax treaty between Kos
Jan 16, 2020
Benchmark Regulation | CSSF Communication
On 24 December 2019, the CSSF published a communiqué (the "Communication") regarding Regulation (EU) 2016/1011 on indices used as benchmarks (the "Benchmark Regulation") addressed to all entities whic