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On May 16, 2022, the CSSF issued a new circular 22/811 regarding the authorisation and organisation of entities acting as UCI administrator (the Circular) replacing Chapter D of Circular IML 91/75.

In today's world of ever-expanding accounting complexity and growth in competitive global markets, deciding whether to outsource your company's consolidation needs can be a difficult

On 23 September 2022, the Luxembourg Administrative Tribunal (Tribunal Administratif, the "Tribunal", which is the first instance jurisdiction) held its decision (the "Decision")...

On 12 June 2024, Luxembourg's government filed with Parliament a bill of law amending the law of 22 December 2023 implementing Pillar Two (global minimum taxation) rules.

Without a framework for preparing financial statements, accounting standards would develop in a random, haphazard way, in reaction to arising issues.

On 5 January 2023, the Corporate Sustainability Reporting Directive (CSRD) entered into force. The purpose of the CSRD is to extend the scope of application of non-financial reporting.

On 13 November 2023, the Luxembourg parliament published proposed amendments by the government to the law (the "Law") transposing the Council Directive (EU)...

In April, ESMA published its findings on the European Common Enforcement Priorities 2016[1] (read more about ESMA's 2017 activity report in this article).

The law reformed the Commission of Accounting Standards and amended various provisions relating to the accounting and annual accounts of undertakings.

On 28 July 2021, the Luxembourg tax authorities issued a Circular in order to provide guidance on the interpretation of the interest deduction limitation rules laid down in Article 168bis of the Luxembourg income tax law ...

On 19 December 2024, the Luxembourg Parliament passed a law (the "Amending Law") which amends the law of 22 December 2023 (the "Pillar Two Law")...

On 20 December 2021, the OECD released its Pillar Two model rules, also referred to as the "Anti Global Base Erosion" or "GloBE" rules, for participant jurisdictions to implement most of the Pillar Two rules.

On 12 June 2024, the Luxembourg government presented a bill of law to incorporate clarifications and technical provisions resulting from the OECD's Pillar 2...

On 24 February 2023, the draft law ("Draft Law") implementing the so-called "public country-by-country reporting Directive" (the "public CbCR Directive" or "the Directive") was presented to Parliament.

On 26 March 2020, a draft law n°7540 was submitted to the Chambre des Députés of Luxembourg (Draft Law n°7540), which relates to the extension of certain deadlines relating to accounting...

Luxembourg government launched the first step of a reform of the Luxembourg accounting legal framework. The main objective is to consolidate into one single law the Luxembourg accounting rules...

Elvinger Hoss Prussen was founded in 1964 by lawyers committed to excellence and creativity in the provision of legal services.