Latest Newsletters & Newsflashes
Jul 05, 2021Podcast | AML legal framework applicable to registered alternative investment fund managers
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. Listen to "Episode 1 - AML legal framework applicable to registered AIFMs" on Spreaker. Listen to "Episode 2 - AML
Jul 05, 2021Securitisation Regulation | Update of ESMA's Q&A
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 creating a specific framework for simple, transparent and standardised securitisation (the “
Jul 01, 2021Newsflash | Holding meetings in companies
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 possibility for the companies to hold their general meetings and other necessary meetings without physical
Jun 30, 2021Focus on ESG | Sustainable Finance Insights Series
All the content relating to ESG and Sustainable Finance, the hot topic of the moment on which our lawyers in the Investment Management department can advise, are listed below. Feel free to reach out to Isabel Høg-Jensen for further details. Sustainable Finance Insights Series - 1 Sustainable Finance
Jun 30, 2021Sustainable Finance Insights Series - 13 | The European Commission adopts amended draft delegated acts on the integration of sustainability factors under MiFID II
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 under various legislative acts, including the Directive 2014/65/EU on markets in financial instruments
Jun 21, 2021ECJ judgment on scope of VAT exemption for special investment fund management services
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 for risk-management software may fall within the VAT exemption for the management of special
Jun 21, 2021G7 nations agree to set a global minimum corporate tax rate at 15%
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 detailed in a Communiqué released shortly thereafter (the “ G7 Communiqué”). Although the
Jun 21, 2021Circular on tax deductibility of certain expenses made by individuals
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 TREATMENT OF EXPENSES BORNE BY INDIVIDUALS Before entering into more details as described below, the
Jun 17, 2021Newsflash | Rentrée judiciaire 2021-2022 et projet de loi n°7307 : quels changements ?
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 septembre 2021 [1]. Le projet de loi a fait l’objet d’une dispense de second vote en date du 15 juin 2021. La loi en
Jun 14, 2021Proposed changes to Commentaries in the OECD Model Tax Convention
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 on Fiscal Affairs in charge of the Model Tax Convention, has recently undertaken work to amend the
Jun 09, 2021Provisional agreement on public country-by-country reporting
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 a proposed directive on the disclosure of income tax information by certain undertakings and
Jun 01, 2021Extension of teleworking for Belgian, French and German cross-border workers in the context of the Covid-19 pandemic
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 Belgian, French and German Governments regarding the taxation of cross-border commuters normally
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