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A Luxembourg SLP is defined in the Company Law as a partnership entered into, for a limited or unlimited period of time, by one or more unlimited partners with unlimited, joint and several liabilities for all obligations of the common limited partnership, and one or more limited partners who only contribute a specific amount constituting partnership interests which may be but need instruments as provided in the partnership agreement.

Since June 2013, the EU Commission has been investigating the tax ruling practices of several EU Member States with a view to detect potential State aid concerns.

P2 contains several mechanisms to levy top-up tax (‘TT') on the profits of a low-taxed constituent entity (‘LTCE'). Besides the Income Inclusion Rule (‘IIR') and the Undertaxed Profits Rule (‘UTPR'), countries...

On 17 July 2024, the Luxembourg government released a bill of law proposing a number of tax cuts for both individuals and corporations. This is in line with the political commitments made by the current government...

Luxembourg corporate taxpayers can, upon request and under certain conditions, benefit from a reduction of the Luxembourg net wealth tax (NWT).

Last year, a Flemish TV show did a great spoof on Luxembourg, titled What if everybody forgot about Luxembourg? (see below with subtitles).

In recent years, the crypto-asset landscape has steadily grown and has reshaped the world of payments and investments.

On 12 May 2021, the General Court of the EU fully annulled the European Commission decision of October 2017 finding that Luxembourg had granted unlawful State aid to Amazon by means of a 2003...

On 12 May 2022, the Committee on Economic and Monetary Affairs within the European Parliament (hereafter the "Committee") issued a draft report (the "Draft Report")...

On 23 February 2021, the French tax authorities published guidelines on the France – Luxembourg Income and Capital Tax Treaty signed in 2018.

On 1 July 2021, 130 countries committed to reaching detailed technical agreements on Pillar One (new taxing rights for market/user jurisdictions)...

2022 was another busy year. Many legal and regulatory changes have impacted your business, and will continue to impact it in 2023.

The common reporting standard ("CRS"), which has been implemented in Luxembourg by the law of 18 December 2015, has introduced an automatic exchange of information relating to financial accounts...

On 17 February 2017, the Commission de Surveillance du Secteur Financier ("CSSF"), together with the Financial Intelligence Unit ("FIU") have published a new circular...

The 2017 state budget was adopted by the Belgian parliament on 22 December 2016. As part of the budgetary measures, the legislator expanded the scope of the Belgian stock exchange tax . . .

As a reminder, RHEs are Luxembourg tax transparent entities - such as SCS and SCSp - that are treated as tax opaque in the jurisdiction of the investor and which may, as a result thereof, become taxable in Luxembourg under certain conditions

With the introduction of a temporary tax amnesty regime in 2016, taxpayers have been given the possibility to file corrective tax returns by 31 December this year.