Published in September 2025
On 22 August 2025, the Luxembourg Tax Authorities (LTA) issued Circular L.I.R. n°168quater/2, providing long-awaited guidance on the exemption for collective investment vehicles (“CIVs”) from the reverse hybrid rules.…
Published in August 2025
On July 24, 2025, the Luxembourg government submitted Draft Law No. 8590 to the Parliament, by announcing a bold reform of the country’s carried interest tax regime. With the will to boost its competitiveness in the European financial landscape, the proposed framework is designed to attract top-tier fund managers, reinforce Luxembourg’s role as a global investment hub, and deliver clarity and certainty in a field marked by legal grey zones…
Published in July 2025
On 18 June 2025, the Economic and Financial Affairs Council (ECOFIN) formally announced the end of all efforts to adopt the ATAD 3 Directive, commonly known as the “Unshell Directive.” This decision marks a significant recalibration of the European Union’s approach to combat tax avoidance via shell entities …
Published in March 2025
On 28 October 2024, the European Commission introduced a new proposal to amend Directive 2011/16/EU, known as “DAC 9”, which aims to simplify tax reporting obligations for large multinational companies. This directive is part of the implementation of OECD Pillar 2, which introduces rules to ensure minimum taxation worldwide …
Published in March 2025
The Luxembourg Business Registers (LBR) has recently announced significant changes regarding the update of Luxembourg national identification numbers for individuals registered in the Trade and Companies Register (RCS). These changes aim to enhance the quality and accuracy of the information contained in the RCS, in compliance with current legal requirements …
Published in November 2024
On May 23, 2024, the Luxembourg Government presented a draft law to the Luxembourg Parliament, which intend to clarify the concept of “partial liquidation”, which is not subjected to withholding tax and occurs when an entire shareholding is redeemed, leading to a capital reduction …
Published in October 2024
The circular, published on 21 October 2024, provides guidelines on the use of ESG (Environmental, Social, and Governance) or sustainability-related terms in fund names. The purpose of these guidelines is to ensure that fund names using such terms are not unfair, unclear, or misleading. The guidelines are based on various European directives and regulations, including the AIFMD and the UCITS Directive…
Published in June 2024
In Luxembourg, European Directive 2019/2121 of November 27, 2019, on cross-border conversions, mergers and divisions (the “Mobility Directive”) is currently being transposed via draft law 8053 of July 27, 2022 (the “Draft Law”)…
Published in April 2024
The European financial regulatory framework is set for a seismic shift with the introduction of AIFMD II, an update to the Alternative Investment Fund Managers Directive. This evolution marks a pivotal moment for the alternative investment industry, promising to redefine practices, priorities, and the very fabric of investment management in Europe…