Angola | Value Added Tax
25 January 2019 The Angolan National Assembly approved a bill enacting the new Value Added Tax (“VAT”) Code. The approved VAT model is a multi-stage tax that encompasses the entire economic chain. Inspired by the European VAT model, the new tax should replace the current Consumption Tax as well as bring about a few adjustments …
Inward Processing in Ukraine
For years the Ukrainian government has been making efforts to find effective solutions to increase the Ukrainian economy efficiency and to create conditions for its further growth. To find such solutions is not an easy task. It is also important to take a closer look at the experience of the countries that used to have …
Entry into force of the law introducing one additional day of annual paid leave and one additional p
The leitmotif underpinning the Law is the same as that for the parental leave reform in 2016, namely enabling employees to achieve a greater balance between their private and professional lives.
Temporary Permissions Regime & the Brexit deadline
We would like to kindly remind you that from 7 January 2019 to 28 March 2019, the Financial Conduct Authority ("FCA") online system ‘Connect’ is open for EEA-based firms and fund managers of EEA-domiciled investment funds (UCITS and AIF) currently passported into the UK to notify the FCA about their intention to participate in the …
Continue reading “Temporary Permissions Regime & the Brexit deadline”
Finance Bill 2019: CIT reduction and optional extension of interest limitation rules on fiscal unity
On 5 March 2019 the Luxembourg government filed the new finance bill n° 7450 (“Finance Bill”) with the Luxembourg parliament
CJEU clarifies abuse and beneficial ownership concepts under the Parent Subsidiary and Interest/Roya
On 26 February 2019 the Grand Chamber of the Court of Justice of the European Union (“CJEU”) rendered 2 judgments regarding the non-application of the Parent Subsidiary Directive (Council Directive 90/435/EEC – ”PSD") and the Interest and Royalties Directive (Council Directive 2003/49/EC – “IRD”) in case of fraud or abuse, even in the absence of any …
Luxembourg Newsflash – Brexit: the Luxembourg emergency legislation – 27 February 2019
On 31 January 2019, the bill of law n°7401 (the “Bill”) was issued on measures to be taken in relation to the financial sector in case of the withdrawal of the United Kingdom (“UK”) and North Ireland from the European Union (“EU”) (“Brexit”).
(Some) clarifications regarding the Register of BOs
Publication of the Grand-Ducal Regulation of 15 February 2019 on the modalities for registration, payment of the administrative fees and on the access to the information registered with the register of beneficial owners.
What features of the tax system in your jurisdiction are particularly attractive to potential invest
The following article discusses session three in the IR Global Virtual Series on 'Tax Efficient Inbound Investment: Tax Structures for Cross-Border Acquisitions
What are the most serious tax pitfalls to be aware of when considering an inbound investment?
The following article discusses session two in the IR Global Virtual Series on 'Tax Efficient Inbound Investment: Tax Structures for Cross-Border Acquisitions