Latest Newsletters & Newsflashes
Jan 04, 2024Draft ECOFIN report to the European Council on tax issues November 2023 – ATAD 3
Background On 22 December 2021, the European Commission released a legislative proposal for a Council Directive (“ Draft Directive” or “ Draft ATAD 3”) laying down rules to prevent the misuse of shell entities for tax purposes and amending Directive 2011/16/EU on administrative cooperation in the
Jan 04, 2024European Council: Biannual update of the EU list of non-cooperative jurisdictions for tax purposes
On 17 October 2023, the European Council (the " Council") has updated the list of non-cooperative jurisdictions for tax purposes. Antigua and Barbuda, Belize and Seychelles have been added to the EU list of non-tax cooperatives jurisdictions. The EU List is published as an annex to the conclusions
Jan 03, 2024NPL Directive | Update on transposition into Luxembourg law
Directive (EU) 2021/2167 of 24 November 2021 on credit servicers and credit purchasers and amending Directives 2008/48/EC and 2014/17/EU (the “ Directive”) which will regulate the sale, purchase and servicing of non-performing loans originated by EU Banks should have been transposed in all Member
Dec 22, 2023Newsflash | CJEU judgement on VAT treatment of directors’ fees
On 21 December 2023, the Court of Justice of the European Union (“CJEU”) delivered its highly anticipated judgement following the preliminary ruling referral by a Luxembourg court regarding the VAT regime applicable to an individual acting as director of Luxembourg public limited liability companies
Dec 18, 2023Newsflash | ECJ Rules in favour of Amazon in State aid case
On 14 December 2023, the Court of Justice of the European Union (“ CJEU”) decided in favour of Amazon in State aid case C-457/21 P by confirming the General Court’s conclusion that the Commission did not demonstrate that Luxembourg granted a selective advantage to Amazon. Following the opinion of
Dec 06, 2023Social Elections 2024: are you ready?
It's been 5 years since the last social elections! You now have just under one month to prepare for the next elections. On March 12, 2024, all Luxembourg companies, regardless of the nature of their activities, employing at least 15 employees over a 12-month period will have to organize social
Nov 27, 2023Newsflash | The minimum net wealth tax rules for holding companies ruled unconstitutional
On 10 November 2023, the Constitutional Court (case n°00185) held that some of the Luxembourg minimum net wealth tax rules are in breach of the principle of equality before the law of the Luxembourg Constitution. It results those taxpayers subject to the EUR 4,815 minimum net wealth tax (i.e
Oct 18, 2023BSP Newsletter | October 2023
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Oct 16, 2023Previously published in Tax
Advocate General Opinion in Amazon State aid case Luxembourg Lower Administrative Court rules on constitutionality of local property tax Bellegen Akt | increase in reduction of registration and transcription duties for the acquisition of the principal residence Decision of the Higher Administrative
Oct 16, 2023Previously published in Investment Management
UCIs and virtual assets | CSSF FAQ SFDR data collection for Luxembourg investment funds | update ESMA updated Q&A on the application of the AIFMD Revitalizing EU capital markets: new rules for retail investors Navigating the path to ESG transparency: joint consultation paper on review of SFDR
Oct 16, 2023Previously published in Employment, Compensations & Benefits
New Directive on transparency and equal pay for men and women Adoption of the Law introducing into the labour code a right to disconnect
Oct 16, 2023Previously published in Corporate and M&A
Enterprises' duty of care with regard to sustainability
Pagination