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  • Article

    Tax Incentives To Strenghten The Real Estate Market

    On 8 February 2023, a draft bill no. 8149/00 aiming to revitalize private investment in the creation of housing has been submitted to the Chamber of Deputies (hereinafter referred to as "Bill").
    LuxembourgReal Estate and Construction
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    Access To Luxembourg Beneficial Owner Register Broadened

    You may remember that back in November 2022, the European Court of Justice rendered a judgment partially invalidating the most recent anti-money laundering directive.
    LuxembourgCorporate/Commercial Law
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    DORA Regulation: New Law Published

    On 2 July2024, the law implementing Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on the digital operational resilience...
    European UnionTechnology
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    Mandatory Works Fund For Co-ownerships To Promote Renovation

    The law of June 30, 2022 amends the law of May 16, 1975 on the status of co-ownership of built-up properties to introduce a works fund ("the law").
    LuxembourgEnergy and Natural Resources
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    European Commission Vs. FIAT Group: A Consistent And Satisfactory Decision

    On November 8, 2022, in joint cases 885/19 and 898/19 (appeal against the judgment of the General Court of the European Union - the "General Court" of September 24, 2019...
    European UnionTax
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    2022 Luxembourg Budget : Main Tax Measures

    The Luxembourg budget for 2023 (the "Budget") has been adopted by the Luxembourg Parliament on 15 December 2022. While it contains no major tax reforms,...
    LuxembourgTax
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    DAC6 : The CJEU Reaffirms The Importance Of Respecting The Lawyer's Professional Secrecy

    The Court of Justice of the European Union ("CJEU") has just strongly reaffirmed in its judgment dated 8 December 2022 (case C-694/20, Orde van Vlaamse Balies) the fundamental...
    European UnionTax
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    Save The Date: European Elections On Sunday 9 June 2024

    On Sunday 9 June 2024 the European elections will be held in Luxembourg and in all member countries. This election will enable 450 million EU citizens to elect their representatives...
    European UnionGovernment, Public Sector
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    Investment Funds: Update Of The Luxembourg Toolbox Decided

    Yesterday, the Luxembourg parliament approved with an almost unanimous vote the recent draft bill of law introduced in March and which aims at modernising the Luxembourg fund legislation...
    LuxembourgFinance and Banking
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    New Draft Bill Of Law : Modernising The Luxembourg Fund Toolbox

    On 27 March 2023, the Luxembourg government introduced a new draft bill of law (the "Draft Bill") to the Luxembourg parliament, aiming to introduce some rather welcome amendments...
    LuxembourgFinance and Banking
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    Commercial Lease : The Constitutional Court Has Declared Unconstitutional The Limitation Of The Rent

    Within the context of a conflict between two companies regarding the sublease of a commercial space, one of these two companies was the original tenant of the commercial space...
    LuxembourgReal Estate and Construction
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    DAC 7 : Automatic Exchange Of Information For Digital Platforms Soon To Apply In Luxembourg

    The Luxembourg DAC7 bill sets forth new rules on the mandatory automatic exchange of information reported by platform operators soon to be implemented.
    LuxembourgTax
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    ELTIF 2.0 – Publication In Official EU Journal

    The revised regulation on the European Long Term Investment Fund (ELTIF) was published in the Official Journal of the EU today and will in principle apply from 10 January 2024...
    European UnionFinance and Banking
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    ESMA Guidelines On Funds' Names Using ESG Or Sustainability-related Terms : Application Dates

    On 14 May 2024, the European Securities and Markets Authority (ESMA) published the final version of its new Guidelines on funds' names using ESG or sustainability-related terms (the Guidelines).
    LuxembourgWealth Management
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    Regulation Of Recreational Cannabis

    Despite a policy of repression and prohibition, cannabis is the most used illicit drug in Luxembourg. The bill no. 8033 is introducing the first liberalization of cannabis consumption...
    LuxembourgCannabis & Hemp
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    Control Of Foreign Direct Investments In Luxembourg

    As a consequence of increasing concerns relating to foreign direct investments and encouraged by the EU Commission, Luxembourg has recently issued a draft bill of law...
    LuxembourgGovernment, Public Sector
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    The Opinion Of Advocate General KOKOTT Regarding The Case C-288/22

    While the Grand-Duchy of Luxembourg has generally considered since the Circular n°781 of 30 September 2016 (Activities of company directors) that activities performed by a director of a legal...
    LuxembourgTax
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    New Circular On The Tax Treatment Of A Simplified Liquidation

    On 19 July 2024, the Director of the Direct Tax Administration (the "DTA") issued a circular on the tax treatment of a simplified liquidation (dissolution without liquidation) carried out in accordance with article 1865bis of the Civil Code.
    LuxembourgTax
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    Implementation Of Pillar 2: 15% Minimum Tax Coming Soon For Multinationals

    On 28 July 2023, the Grand Duchy of Luxembourg announced that it had given its assent to the bill aimed at transposing the directive 2022/2523 of 14 December 2022 (the « Directive »)...
    LuxembourgTax
    Bonn & Schmitt
    Bonn & Schmitt
  • Article

    Understanding The Key Changes In AIFMD II

    After the political agreement reached at European level on July 2023 on the revision of Directive 2011/61/EU on Alternative Investment Fund Managers (AIFMD II),
    LuxembourgFinance and Banking
    Bonn & Schmitt
    Bonn & Schmitt

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