Newsletters & Newsflashes

The first Double Tax Treaty (“ DTT”) entered into between Luxembourg and the UK dates back to 1967 and has been amended three times since. As the last formal amendment dates back to 2009 and the last indirect modification took place through the Multilateral Instrument (“ MLI”) in 2019, the tax

On 8 February 2023, a draft law No. 8149 (the “ Draft Law”) with the purposes of reviving the Luxembourg real estate market has been submitted to the Luxembourg Parliament ( Chambre des Députés). The Draft Law proposes the creation of an advantageous and time-limited tax climate, with the objective

On 28 February 2023, following a preliminary ruling requested by the UK First-tier Tribunal (Tax Chamber), the European Court of Justice (“ ECJ”) decided on case C-695/20 concerning the applicability of Article 9 bis of the regulation No. 282/2011 of 15 March 2011 laying down implementing measures

On 3 February 2023, the Luxembourg government submitted to the Luxembourg Parliament ( Chambre des Députés) draft law No. 8159, aiming at ratifying the recent amendment to the Double Tax Treaty between Luxembourg and France (the “DTT”) on remote workdays, as agreed and signed on 7 November 2022 in

On 20 March 2023, the Luxembourg law (draft law No. 8055) on distributed ledger technology (the " DLT Law") amending (i) the law of 5 April 1993 on the financial sector (the " Financial Sector Law"), (ii) the law of 5 August 2005 on financial collateral law (the " Financial Collateral Law") and (iii

On 13 March 2023, the CSSF updated the FAQ on SFDR by adding three additional questions and answers. Use of the environmental, social, and governance (“ESG”) and/or sustainability related terminology in fund names: are there any ESG and/or sustainability related considerations that financial market

On 20 March 2022, Regulation (EU) 2023/606 of 15 March 2023 amending Regulation (EU) 2015/760 as regards the requirements pertaining to the investment policies and operating conditions of European long-term investment funds (“ ELTIF”) and the scope of eligible investment assets, the portfolio

On 7 February 2023, draft law No. 8147 amending Article 211-4 of the Labour Code (hereinafter the “ Draft Law”) has been submitted to the Luxembourg Parliament ( Chambre des Députés). The Draft Law aims at prohibiting the practice of so-called "zero-hour contracts”. Zero-hour contracts are defined

By an order of 13 January 2023, the President of the Lower Administrative Court ( Tribunal administratif) granted a request for a stay of execution on net wealth tax assessments. The case concerned a Luxembourg company which held a participation in a Swiss company. On the basis of the tax treaty

In March 2022, the government and social partners of Luxembourg met and reached an agreement which aimed at mitigating the negative impact of the energy crisis on both the economy and households. Because of the market’s volatility, this agreement already planned that a new meeting of the Tripartite

Watch the video with Alain Steichen and Pol Mellina: Transmission within the family: civil law and tax aspects The transmission of a business within the family generally occurs without the children having to pay their parents for being able to continue the family business. This is the main

Background On 15 February 2023, the CSSF started the annual online survey for the year 2022 (the “Survey”). The Survey remains mostly unchanged compared to previous years. However, some questions have been removed, added or amended. Purpose The purpose of the Survey remains the same and consists in