165 results found

On February 21st 2013, the ECJ ruled that the domestic law which precludes the use of tax carried forward losses of a merged company by the surviving merging company in the case of a cross-border merger.

On 7 October 2022, Luxembourg Ministry of Finance issued a draft proposal (the "Draft Proposal") amending the current Regulation dated 6 February 2012 (Règlement ministériel du 6 février 2012)...

By circular letter n° 756bis dated March 16th 2015, the Luxembourg VAT authorities have confirmed that, as from May 1st 2015, the supply of e-books will be subject to the standard VAT rate of 17%.

With the globalisation of the economy, diversification of the risks linked to investments has taken a new dimension.

The CSSF issued a new Circular which is applicable to UCITS' depositary banks and to the UCITS themselves regarding their relationship with their depositaries.

On July 11th 2014 ESMA issued two consultation papers with the aim of drafting regulatory standards on the clearing obligations under Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories.

The European Securities and Markets Authority issued a "Questions and Answers" document on the implementation of EMIR.

On July 15th 2014, the OECD published its 2014 update of the Model Tax Convention. This update is the outcome of the work accomplished between 2010 and the end of 2013.

Further to the above equivalence assessments ESMA entered into a first MoU, established under Article 76 of EMIR, with the Australian Securities & Investments Commission ("ASIC") last November 2014.

On July 23rd 2014 the European Commission wrote to ESMA regarding the definition of a financial instrument relating to foreign currency ("FX Contract").

A number of provisions in the EuSEF and EuVECA Regulations empower the European Commission to adopt Level 2 measures.

The European Commission proposes a new anti-money-laundering draft legislation package to strengthen the EU's anti-money laundering and countering terrorism financing rules...

The proposed regulation (the "Regulation") on European Long-Term Investment Funds ("ELTIF") has been adopted by the European Parliament (the "EP") on March 10th 2015.

Draft law number 6543, relating to electronic archiving and amending the law of April 5th 1993 on the financial sector, as amended, was filed with the Luxembourg Parliament on February 13th 2013 and is expected to be implemented in the course of this year.

On February 26th 2015, the Economic and Monetary Affairs Committee of the European Parliament voted on the draft report on the proposed draft regulation on Money Market Funds.

The Court of Justice of the European Union has recently ruled that a company establishing a pension scheme as a separate legal entity may deduct the VAT it has incurred on services relating to the management and operation of the pension fund pursuant to article 17 of Directive 77/388/EEC.

The Luxembourg Tax Authorities have recently clarified the situation on taxation of income realised by Luxembourg partnerships..

As part of its strategy to foster competitiveness and innovation across the European Union, the European Commission has launched a public consultation on the creation of a "28th Regime", being a single, harmonised set of company law rules ...