Newsletters & Newsflashes

On 8 May 2025, Advocate General Kokott (AG Kokott) handed down her Opinion in the case C-744/23, Т.P.T. v Financial Bulgaria’ EOOD on the Value-Added Tax (VAT) treatment of a contingency fee, paid in the event of a successful legal case. In the case at hand, a one-person law firm provided legal

On 20 May 2025, the CSSF published Version 24 of its FAQ on the law of 12 July 2013 on alternative investment fund managers (“ AIFM Law”). This document provides updated guidance on the interpretation and application of various provisions of the AIFM Law, including revised definitions, clarification

Key takeaways On 13 May 2025, the Luxembourg Higher Administrative Court ( Cour Administrative ) handed down a decision, within the context of an ex officio taxation (i.e. procédure de taxation d’office ), on the relevant characteristics that shall be retained for the purposes of the determination

Since our last newsletter, ESMA has released updated Q&A s, supervisory guidelines, a peer review, further guidelines on staff competence, and a public statement – all regarding the implementation of Regulation (EU) 2023/1114 of 31 May 2023 on markets in crypto-assets (“ MiCA”). Supervisory

Further to the entry into force of the Listing Act , ESMA published various final reports providing technical advice and updated its Q&As. These include: ESMA's final report on the technical advice concerning MAR and MiFID II SME growth markets ESMA's final report on the technical advice concerning

On 16 October 2024, the Grand Duchy of Luxembourg and the Sultanate of Oman signed a convention for the elimination of double taxation with respect to taxes on income and on capital and the prevention of tax evasion and avoidance (the “ DTT”). For more information, please refer to our previous

The l aw of 22 May 2024 provided for both short term tax measures (applicable for fiscal year 2024) in favour of the Luxembourg real estate market and long term tax measures applicable as from 2025 (please refer to our previous newsflash). To support the ongoing recovery of the real estate sector

Background On 27 June 2025, the new circular Circular CSSF 25/894 – Information to be submitted to the CSSF in relation to investment funds non-authorised by the CSSF (the “ Circular”) entered into force . The Circular focuses on transparency, risk assessment, and oversight of investment funds that

On 30 June 2025, the government issued a Grand-Ducal Regulation aiming at amending the existing Grand-Ducal Regulation of 19 November 1999 implementing Article 106, paragraphs 3 and 4 of the Luxembourg income tax law (“ LITL”), which provides the depreciation regime and rates applicable to rental

Key takeaways On 23 May 2025, the Luxembourg Lower Administrative Court ( Tribunal administratif ), in its judgment (no. 49212), overturned a unitary value (“ UV”) tax assessment that had denied the net wealth tax exemption provided under § 60 of the Valuation Law ( Bewertungsgesetz , “ BewG”) for a

During the ECOFIN meeting of 20 June 2025, the EU Council approved its bi-annual report on the evolution of tax initiatives and officialised the discontinuation of its work on the Unshell Proposal. Background On 22 December 2021, the European Commission released a legislative proposal for a Council