On August 22, 2024, Germany’s Federal Fiscal Court (Bundesfinanzhof) published a decision that refocuses attention on the complexities of cross-border taxation, particularly for Luxembourg-based funds investing in Germany....more
Welcome to the second edition of our Horizon Scan for 2024: key recent and expected funds, regulatory, and tax developments to look out for. As before, we focus on the most important developments and changes that we expect to...more
5/24/2024
/ Climate Change ,
Cross-Border ,
Disclosure Requirements ,
EU ,
False Claims Act (FCA) ,
Fund Managers ,
Investment Funds ,
Private Funds ,
Private Investment Funds ,
Regulatory Standards ,
Reporting Requirements ,
SFDR ,
Sustainability ,
Sustainable Business Practices ,
Sustainable Finance ,
Transitional Arrangements ,
UK
On 4 August 2023, Luxembourg published a bill of law (the “Bill”) to transpose the EU directive no. 2022/2523 largely known as the “EU Minimum Tax Directive” or “Pillar Two Directive”, ensuring a minimum global Effective Tax...more
On 17 June 2021, the Court of Justice of the European Union (CJEU) rendered two decisions about the application of the VAT exemption for management services provided in article 135 (1) (g) of the EU VAT Directive and...more
7/30/2021
/ Court of Justice of the European Union (CJEU) ,
EU ,
Exemptions ,
Fund Management Companies ,
Fund Managers ,
Income Taxes ,
Investment Funds ,
Investment Management ,
Investors ,
Luxembourg ,
Risk Management ,
Software ,
Tax Authority ,
Tax Litigation ,
Tax Returns ,
Third-Party Liability ,
Value-Added Tax (VAT)
On 4 and 5 June 2021, the Finance Ministers and Central Bank Governors of the G7, joined by the Heads of the International Monetary Fund, World Bank Group, Organisation for Economic Cooperation and Development, and Eurogroup,...more
6/10/2021
/ Corporate Taxes ,
Digital Services Tax ,
G7 ,
International Tax Issues ,
Investment Funds ,
Luxembourg ,
Multinationals ,
New Rules ,
Tax Haven ,
Tax Liability ,
Tax Rates ,
Tax Reform
The much-awaited Luxembourg state budget for FY 2021 has finally been tabled before the Chamber of Deputies. Delayed due to the ongoing COVID-19 pandemic, the Luxembourg government published bill number 7666 on 14 October...more
A variety of steps have been taken to accommodate managers working during the lockdown. As at 29 September 2020, these measures are as follows:
1. MORE FLEXIBILITY FOR THE GOVERNANCE OF FUNDS -
On 20 March 2020, the...more
9/30/2020
/ Accounting ,
Anti-Money Laundering ,
Anti-Terrorism Financing ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
CSSF ,
Filing Deadlines ,
Fund Managers ,
Information Technology ,
Investment Firms ,
Investment Funds ,
Investors ,
Liquidity ,
Luxembourg ,
Outsourcing ,
Pension Funds ,
Re-Opening Guidelines ,
Relief Measures ,
Remote Working ,
Reporting Requirements ,
Swing Pricing ,
Time Extensions
A variety of steps have been taken to accommodate managers working during the lockdown. As at 22 June 2020, these measures are as follows:
1. MORE FLEXIBILITY FOR THE GOVERNANCE OF FUNDS...more
6/22/2020
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Commercial Bankruptcy ,
Commercial Leases ,
Coronavirus/COVID-19 ,
CSSF ,
Filing Deadlines ,
Information Technology ,
Investment Firms ,
Investment Funds ,
Investors ,
Luxembourg ,
Outsourcing ,
Re-Opening Guidelines ,
Relief Measures ,
Remote Working ,
Reporting Requirements ,
Swing Pricing ,
Time Extensions
A variety of steps have been taken to accommodate managers working during the lockdown. As at 20 May 2020, these measures are as follows:
1. MORE FLEXIBILITY FOR THE GOVERNANCE OF FUNDS -
The increased flexibility for the...more
4/17/2020
/ Commercial Bankruptcy ,
Commercial Leases ,
Coronavirus/COVID-19 ,
CSSF ,
Filing Deadlines ,
Investment Firms ,
Investment Funds ,
Investors ,
Luxembourg ,
Relief Measures ,
Reporting Requirements ,
Swing Pricing
Under emergency legislation applicable with immediate effect for three months with a view to contain the rapid spread of COVID-19 in Luxembourg, Luxembourg enacted on 20 March 2020 temporary measures applicable to all...more
3/23/2020
/ Anti-Money Laundering ,
Board Meetings ,
Bondholders ,
Coronavirus/COVID-19 ,
CSSF ,
Emergency Response ,
Investment Funds ,
Luxembourg ,
Shareholders ,
SIFs ,
UCITS