Newsletters & Newsflashes

Communication On 30 September 2025, the CSSF published a communication on the AML/CFT Market Entry Form (“ MEF”). The MEF aims at collecting standardised key information in relation to money laundering and terrorist financing risks which must be submitted by funds (to be) authorised (including

The Draft Law No. 8627 (the " Draft Law"), was presented to the Luxembourg Parliament on 2 October 2025, aiming to transpose: the Capital Requirements Directive VI: Directive (EU) 2024/1619 of 31 May 2024 amending Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches

In July 2025, the Luxembourg government drew up a draft Grand-Ducal Regulation (the “ Draft Regulation”) amending the Grand-Ducal Regulation of 9 January 1974 on the determination of tax withholding on salaries and pensions (the “ Regulation”). Context: flat-rate withholding tax for occasional work

On 4 September 2025, the ECJ delivered its decision in the Arcomet case ( C-726/23) following a request for preliminary ruling on whether intragroup remuneration adjustment for services, determined under the transfer pricing (“ TP”) Transactional Net Margin Method (“ TNMM”), is subject to VAT and

Key takeaways On 6 August 2025, the Luxembourg Higher Administrative Court ( Cour administrative ) handed down a decision (n °52321C ) whereby taxpayers cannot themselves request an ex-post review following the filing of an inaccurate tax return. From the Court’s perspective, the decision to carry

On 31 July 2025, the Belgian Constitutional Court referred a request for a preliminary ruling to the European Court of Justice (the “ ECJ”) on the compatibility of Council Directive 2022/2553 of 14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and

On 22 August 2025, the Luxembourg Tax Authorities (hereafter the “ LTA”) published the administrative circular L.I.R. n°168 quater /2 (the “ Circular”) clarifying the requirements to be met by collective investment vehicles (“ CIV”) to benefit from the exemption from the reverse hybrid rule

The changing investment landscape in European Defense and the role of private and public capital The European Union (EU) is witnessing a significant transformation in its defense investment strategy, driven by geopolitical dynamics and a renewed emphasis on strategic autonomy. Initiatives such as

Draft Law No 8586 amending the law of 29 August 2008 on the free movement of persons and immigration (the " Draft Law") was submitted to the Chamber of Deputies on 21 July. The Bill aims to transpose into national law Directive (EU) 2024/1233 of the European Parliament and of the Council of 24 April

On 24 July 2025, Draft Law No 8590 was submitted to the Luxembourg Parliament ( Chambre des Députés ) intending to update and render more attractive the tax regime for carried interest granted to managers of alternative investment funds (“ AIF”). The proposed changes aim at attracting more front

The International Organization of Securities Commissions (IOSCO) has published the following final reports on 26 May 2025: Final revised Recommendations for Liquidity Risk Management for Collective Investment Schemes as an update to their earlier 2018 recommendations (the “ Revised Liquidity

In its judgment dated 2 July 2025 in case T-289/24 Brasserie Nationale and Munhowen SA vs. Commission, the General Court of the European Union (EU) (the “ Court”) upheld the decision of the European Commission (the “ Commission”) to examine a merger project involving two Luxembourg-based entities