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On 8 December the European Commission (“EC”) launched its long-awaited proposals to modernize the VAT rules within the EU collectively known as “VAT in the Digital Age package” (“ViDA”). Please see below a summary of the proposed changes together with some initial comments. To note, the ViDA...
The Budget Bill for 2023 (no. 8080) was submitted to the Chamber of Deputies on 12 October. This bill contains some important tax measures for employees and their employers, which we summarise below.We would like to draw the reader's attention to the fact that these are proposals that must be...
The package of measures adopted recently by the Luxembourg government to tackle inflation foresees a temporary decrease of the Luxembourg VAT rates for the period from 1st January 2023 to 31st December 2023.In particular, to the exception of the super-reduced rate (3%), the current Luxembourg...
Over the years, Luxembourg became a leading center for securitization and structured finance transactions, thanks to a reliable and investor-friendly legal and tax framework.Indeed, the applicable provisions (Law of 22 March 2004 & EU Regulation 2017/2402) provide for a flexible approach...
The ECJ has recently ruled on the input VAT deduction right of a mixed holding company (i.e. which is also involved in the management of its subsidiaries) in relation to services acquired from third parties and used for the benefit of these subsidiaries in the form of a shareholder contribution...
Following the example of other countries, the Luxembourg government announced recently a package of measures to tackle inflation and mitigate the financial impact for both companies and households. Such initiative is the result of negotiations among the members of the Luxembourg “tripartite” (i.e...
The District Court of Luxembourg (“Tribunal d’arrondissement” or “the referring Court”) has recently requested a preliminary ruling from the ECJ on the topic of the VAT status of a natural person who is a member of the board of directors of a public limited company incorporated under Luxembourg...
The regulation concerning the employment of students is provided by articles L.151-1 and following of the Labour code.Please find below detailed information regarding the employment of students.English Version French Version German Version
New corporate filing formalities regarding the national identification numberOn 18 January 2022, the Luxembourg Trade and Companies Register (“RCS”), being part of the Luxembourg Business Registers (“LBR”), released a communication concerning the introduction of new formalities to be fulfilled in...