165 results found

We reported in a previous article that on April 15th 2014 the European Parliament adopted the Directive of the European Parliament and of the Council amending Directive 2009/65/EC.

Luxembourg signed a protocol to the income tax treaty with France on September 5th 2014 ("French Protocol").

The draft law 7791 aiming at clarifying whether the rules regarding financial assistance contained in the Luxembourg law on commercial companies of 10 August 1915, as amended (LSC)...

The CSSF has published Press Release 15/01 to the attention of issuers of securities subject to the law of January 11th 2008 on transparency requirements for issuers of securities, as amended.

Under EMIR, all EEA counterparties subject to reporting need to provide a pre-legal entity identifier pending the finalisation of a global LEI, to meet the reporting obligations.

The ECJ ruled that a domestic law which provides for a substantial penalty where a taxable person failed to record on time its obligations affecting the calculation of VAT, is compatible with European Union law.

The recently ECJ ruled that a domestic law which provides for a substantial penalty where a taxable person failed to record on time its obligations affecting the calculation of VAT, is compatible with European Union law.

The Luxembourg Accounting Standards Board, Commision des Normes Comptables, issued a general notice regarding the accounting term of floating financial year.

On September 1st 2014, the CSSF published Press Release 14/47 relating to the introduction of a new form "Application questionnaire to set up an UCITS".

The ECJ has recently ruled that the advisory services concerning investment in transferable securities provided by a third party to an investment management company which is the manager of a special investment fund benefit from the VAT exemption as laid down in Article 135 (1) (g) of the VAT Directive.

Draft Law N°6706 dated July 17th 2014 intends to modify the net wealth tax assessment procedure in order to simplify and accelerate the assessment process.

A draft law on the taxation of the latent gains in case of transfer of an enterprise or a permanent establishment outside Luxembourg was recently submitted to the Luxembourg Parliament.

On February 2nd 2015 the European Securities and Markets Authority ("ESMA") published its final report on possible delegated acts concerning the Market Abuse Regulation ("MAR"), following its publication of the Consultation Paper on July 15th 2014.

On August 1st 2014, the European Securities and Markets Authority published the revised guidelines on ETFs and other UCITs issues.

On June 12th 2014 the Directive 2014/65/EU on Markets in Financial Instruments repealing Directive 2004/39/EC and the Regulation No 600/2014

The European Securities and Markets Authority recently approved several Memoranda of Understanding entered into by the financial regulators of the European Union/ European Economic Area with 34 third-country regulators.

One of the toughest hurdles to overcome for young entrepreneurs or those that have access to limited resources is constituted by the minimum required capital necessary for the setting up of a company.