Newsletters & Newsflashes

Introduction On 8 July 2024, the European Commission (the " Commission") adopted a legislative package to amend key VAT regulations. This initiative aims at modernizing VAT procedures by introducing an electronic VAT exemption certificate, streamlining the process for businesses and aligning with

On 15 July 2024, the Luxembourg Parliament ( Chambre des députés) published a Draft Law n° 8340 (the “ Draft Law”) aimed at amending the Law of 10 August 2018 on the organisation of the indirect tax administration ( Administration de l’enregistrement, des domaines et de la TVA). The purpose of this

Circular CSSF 24/854 Circular CSSF 24/854 was published on 29 February 2024. The purpose of the circular was to provide guidance on the Summary report dedicated to AML/CFT (" SRRC") to be prepared by the ‘ ’responsable du contrôle’ ’ (" RC") and submitted to the CSSF by the ‘’ responsable du respect

On 19 July 2024, the European Commission adopted a new Delegated Regulation implementing certain level two measures (the “ Level 2 RTS”) required pursuant to Regulation 2015/760 on European Long Term Investment Funds as amended by Regulation 2023/606 (the “ ELTIF 2.0 Regulation”). By enhancing

On 10 September 2024, the ECJ ruled in favour of the EU Commission in case C-465/20 P, European Commission v Ireland and Apple Sales International relating to State aid granted by Ireland to Apple. Contrary to other State aid decisions involving transfer pricing, the ECJ accepted OECD transfer

The legal framework for non-profit associations (ASBL) and foundations in Luxembourg is undergoing significant changes in 2024 with the introduction of three new legislative texts: Draft Law n°8420 aims to simplify administrative procedures, including the abolishment of the homologation procedure

The Markets in Crypto-Assets Regulation (" MiCAR") continues to evolve, reflecting the European Union's efforts to provide a comprehensive regulatory framework for crypto-assets. This article reviews the latest developments from the European Securities and Markets Authority (" ESMA") and the

Key takeaways In a decision ( no. 50199C ), dated 17 July 2024 the Higher Administrative Court ( Cour administrative ) upheld a decision by the Director of the Luxembourg tax authorities (“ LTA”), who in a specific case denied the valuation of convertible bonds issued by a Luxembourg tax-resident

On 27 September 2024, the Luxembourg tax authorities issued Circular n° 115/14 clarifying certain aspects of the partially tax-exempt rent subsidy which has been introduced by the law of 22 May 2024 and applicable since 1 st June 2024 ( see our previous newsflash). Background The rent subsidy

The Draft Law No. 8419 to modify the administrative procedures on the registration in the Grand Duchy of Luxembourg (“ Luxembourg”) of ships and real rights thereon (the “ Draft Law”) has been submitted to the Luxembourg Parliament ( Chambre des Députés) on 23 July 2024. The main purpose of the

On 10 October 2024, the draft law n° 8369 (the “ Draft Amendment Law”) amending the amended Law of 19 July 2004 on municipal planning and urban development (the “ Municipal Planning and Urban Development Law”), which aims to extend the initial period of validity of building permits from one year to