Luxembourg 2021 budget law passed, new tax measures introduced
ON 17 DECEMBER 2020, THE LUXEMBOURG PARLIAMENT APPROVED THE 2021 BUDGET BILL.
New Luxembourg circular letter on the participation exemption regime regarding Gibraltar companies
FOLLOWING THE EUROPEAN COURT OF JUSTICE (ECJ) RULING OF 2 APRIL 2020 IN CASE C-458-181, THE LUXEMBOURG DIRECT TAX AUTHORITIES ISSUED A CIRCULAR LETTER (CIRCULAR) ON 1 DECEMBER 20202 REGARDING THE NON-APPLICATION OF COUNCIL DIRECTIVE 2011/96/EU OF 30 NOVEMBER 2011 ON THE COMMON SYSTEM OF TAXATION APPLICABLE IN THE CASE OF PARENT COMPANIES AND SUBSIDIARIES …
Budget 2021: various tax measures to address the impact of the COVID-19 pandemic and support a sustainable recovery
ON 14 OCTOBER 2020, THE LUXEMBOURG GOVERNMENT FILED BUDGET BILL 7666 WITH THE LUXEMBOURG PARLIAMENT.
Declaration of general obligation of the agreement dated 20/10/20 on the legal regime of teleworking
NEW AGREEMENT ON THE LEGAL REGIME OF TELEWORKING
Anti-money laundering and counter terrorist financing – mandatory survey due in March 2021
WE WOULD LIKE TO REMIND YOU THAT ON 15 FEBRUARY 2021, THE CSSF WILL LAUNCH ITS ANNUAL ONLINE SURVEY ON THE FIGHT AGAINST MONEY LAUNDERING AND TERRORIST FINANCING FOR THE YEAR 2020 (THE “AML/CFT SURVEY”).
Changes 01/01/21: increase of the minimum wage and provision of financial assistance to companies
INCREASE OF THE MINIMUM WAGE AND PROVISION OF FINANCIAL ASSISTANCE TO COMPANIES
CJEU: new developments in the realm of VAT recovery on dead deal costs
ON 12 NOVEMBER 2020, THE COURT OF JUSTICE OF THE EUROPEAN UNION (“CJEU”) GAVE ITS RULING IN THE SONAECOM CASE (C-42/19) WITH RESPECT TO ENTITLEMENT TO DEDUCT THE VAT INCURRED FOR CONSULTANCY SERVICES PROVIDED IN VIEW OF A POTENTIAL SHARE ACQUISITION, AND FOR A BANK COMMISSION ON THE SET-UP OF A BOND LOAN, WHERE NEITHER …
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The 2021 draft Italian budget law
The 2021 draft Italian budget law provides for new interesting tax measures applicable from 1st of January 2021 that will undoubtedly enhance investments in Italian companies by European investment funds.
Clarifications on the validity of insurance contracts concluded by UK insurance undertakings
IN A POST BREXIT CONTEXT VALIDITY OF INSURANCE CONTRACTS CONCLUDED BY UK INSURANCE UNDERTAKINGS IN A POST-BREXIT CONTEXT – CLARIFICATIONS BY THE LUXEMBOURG LEGISLATOR
Listed companies: ESEF requirements delayed by one year
PLEASE BE INFORMED THAT THE LUXEMBOURG COMMISSION DE SURVEILLANCE DU SECTEUR FINANCIER (CSSF) HAS DECIDED TO POSTPONE THE APPLICATION OF THE REQUIREMENTS OF THE EUROPEAN SINGLE ELECTRONIC FORMAT (ESEF) TO ANNUAL FINANCIAL REPORTS BY ONE YEAR.