Why Companies Need Professional Asset Portfolio Management
An Article by Mr Michalis Economides, CEO and Founder ofChambersfield Economides Kranos, Advocates & Legal Consultants Asset management isessential if a company is to maximize the return on investment (ROI) to itsshareholders and stakeholders. Despite its importance, however, many numerouscompanies and entrepreneurs neglect it and fail to provide the necessaryattention to the procedures required for …
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New bills on ATAD implementation and MLI approval
On 15 June 2018 the Luxembourg government approved 2 new bills of law: ATAD Bill and MLI Bill
Unrestricted VAT deduction for active holding companies
On 5 July 2018, the Court of Justice of the European Union (“CJEU”) released a welcome decision in the Marle Participations case (C-320/17) concerning the deduction of input VAT by a holding company on costs incurred in relation to acquisitions and sales of shares in subsidiaries.
Tax update – The OECD releases the Base Erosion and Profit Shifting (BEPS) public discussion draft o
On 3 July 2018, the OECD launched a consultation on the transfer pricing of financial transactions by publishing the first draft of a new chapter of the OECD Transfer Pricing Guidelines for Tax Administrations and Multinational Enterprises
VAT group legislation voted
The bill of law n°7278 implementing the VAT group into Luxembourg law was voted on 26 July 2018 by the Chamber of Deputies.
Index increase
In Luxembourg, wage indexation is an automatic mechanism for the adjustment of salaries to keep pace with evolving living costs. From 1 August 2018, the index applicable to employees' wages will climb.
Robo-advice exemption: Ready, steady, go (applications are now open)
The Financial Markets Authority (FMA) is now accepting applications from entities that wish to provide personalised robo-advice to consumers.
Development exemption struck from Overseas Investment amendments, private bill possible
The surprise removal of a private exemption from the Overseas Investment Amendment Bill (the Bill) by New Zealand's Speaker of the House has raised the possibility developers could consider seeking exemptions from the Act through a separate, private bill.
Europe FTA could offer NZ many indirect benefits
A European Free Trade Agreement (FTA) may present more opportunity than just enhanced trade with Europe.
Taxing the blockchain – cryptocurrency and employee remuneration
Bitcoin and other cryptocurrencies have seen considerable growth over the last 12 months, meaning the general public are more aware than ever of these digital assets.