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All functions of the bank are affected by the current COVID-19 crisis. The compliance is no exception and even if it is probably not affected as much as risk management, the impact is important. It should not be overlooked and receive the necessary attention of the management. The compliance need...
Interview paperjam.lu du 17.04.2020De nombreuses entreprises confient aujourd’hui certaines tâches comme le calcul des salaires (le payroll) à des sociétés spécialisées. Ces dernières ont dû réagir vite et s’adapter efficacement pour mener à bien leur mission lorsque la crise sanitaire a éclaté...
Interview paperjam.lu du 15.04.2020La crise sanitaire actuelle met en péril l’activité des entreprises de tous les secteurs. Pour les prestataires de services, en charge du calcul des salaires notamment, l’impératif est double: préserver les équipes pour que celles-ci puissent à leur tour servir...
On 30 March 2020, the Luxembourg Finance Minister introduced the bill of law n° 7547 amending the Luxembourg income tax law (hereafter the “Bill of Law”) with the Luxembourg Parliament.The Bill of Law aims to implement into Luxembourg income tax law one of the defensive tax measures approved by...
As Covid-19 spreads around the world, businesses are confronting with an unprecedented economic downturn. Reduced turnover, equal or higher expenses and an increase in bad debts. In response to this disruption, governments are turning to emergency support packages. Urgent questions related to...
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Chômage partiel « Cas de force majeure / coronavirus » - procédure accéléréeAfin de maintenir l'emploi et éviter des licenciements, le Code du travail luxembourgeois prévoit que les entreprises peuvent recourir, sous certaines conditions, à différents régimes de chômage partiel, selon la nature...
Short-time working “in the event of force majeure / coronavirus.”To protect jobs and thus prevent redundancies, the Luxembourg Labour Code allows businesses to resort to various types of short-time work under certain conditions and depending on the nature of the difficulties encountered...
As your business will bear the brunt of the economic consequences of the COVID-19 crisis, what will the impacts on your annual accounts prepared in accordance with generally accepted accounting principles in Luxembourg be? What about financial statements prepared under IFRS? And, what about the...