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European Court of Justice ruling: end of the application of VAT on director fees in Luxembourg
Thursday, 04 January 2024
On December 21, 2023, the European Court of Justice (“ECJ”) issued its long-awaited ruling in the case C288/22 “TP” on the VAT treatment of director fees. From a Luxembourg VAT…
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CAYMAN TAX 2.1 – sharpened teeth or mere dentures? A first update based on the draft bill as finally submitted to parliament.
Wednesday, 13 December 2023
PREFACE : This newsletter is only a first brief look at yet another very complex draft of cayman tax adjustment. Further analysis is recommended. This is an update of the…
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Luxembourg minimum net wealth tax provisions declared partly unconstitutional
Tuesday, 12 December 2023
Main takeaways On 10 November 2023, the Luxembourg Constitutional Court ruled that certain provisions of the Luxembourg minimum net wealth tax were contrary to constitutional principle of equality. Pending a…
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CAYMAN TAX 2.1 – sharpened teeth or mere dentures?
Friday, 03 November 2023
The draft bill approved at the Council of Ministers meeting on Friday, Oct. 27, 2023, proposes a whole number of changes to the cayman tax to ensure - in its…
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Two new partners join the ranks
Tuesday, 24 October 2023
Tiberghien is known for its long and rich tradition and is determined to continue its successful path forward. The firm is therefore constantly looking ahead, scanning opportunities for future investments…
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BEFIT, towards a common corporate tax framework in the EU ?
Friday, 13 October 2023
BEFIT stands for “Business in Europe: Framework for Income Taxation” and is the object of a draft EU directive proposed by the European Commission on 12 September 2023 (the “Draft…
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BREAKING NEWS: The new tax treaty between Luxembourg and the United Kingdom enters into force
Tuesday, 10 October 2023
On 4 October 2023, the law of 18 September 2023 was officially published in the Memorial (the Luxembourg official gazette), so that the new tax treaty between Luxembourg and the…
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Cayman tax remains applicable under new Dutch-Belgian double taxation treaty
Monday, 28 August 2023
The interaction of the Belgian cayman tax with the various double taxation treaties concluded by Belgium has been the subject of discussion in practice for several years. The question now…
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Accounting reform in Luxembourg - Draft law submitted to parliament
Thursday, 17 August 2023
Luxembourg government launched the first step of a reform of the Luxembourg accounting legal framework. The main objective is to consolidate into one single law the Luxembourg accounting rules currently…
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New double taxation treaty between Belgium and the Netherlands - implications for individual investors
Monday, 17 July 2023
The double taxation treaty between Belgium and the Netherlands, signed on 21 June 2023, will result in certain changes for private investors. The main concerns are the impact on the…
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Cross-border telework in Luxembourg: ongoing developments
Monday, 10 July 2023
Under the EU social security Framework Agreement, Luxembourg cross-border workers may telework more often from their state of residence without impacting their applicable social security legislation (provided telework represents less…
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CBAM regulation adopted on 10 May 2023
Monday, 10 July 2023
On 10 May 2023, the Council of the European Union and the European Parliament adopted the new regulation (EU) 2023/956 establishing a carbon border adjustment mechanism (CBAM). CBAM is designed…
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Breaking - The new double taxation treaty between the Netherlands and Belgium
Friday, 30 June 2023
On 21 June Belgium and the Netherlands signed a new double tax treaty on income taxes. Unlike under the current treaty, the scope of this treaty will be limited to…
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Brazil’ legislator enacts new transfer pricing law
Friday, 30 June 2023
On 15 June 2023, Brazil published a new law establishing a transfer pricing framework that is aligned with the OECD Transfer Pricing Guidelines (“OECD TPG”). Reforming Brazil’s transfer pricing (“TP”)…
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Luxembourg tax authorities issue guidance on reverse hybrid rules
Tuesday, 20 June 2023
On 9 June 2023, the Luxembourg direct tax authority (Administration des contributions directes, the “ACD”) released a 3-page circular – L.I.R n°168quater/1 (“Circular”) in relation to the so-called reverse hybrid…
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Cross-border telework: increase of social security threshold to 49%
Wednesday, 10 May 2023
The Administrative Commission for the Coordination of Social Security Systems of the European Union proposed a standard agreement aiming to increase the social security “threshold” for cross-border telework as from…
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The recent tax and social security reforms on copyright income: what employers need to know
Wednesday, 03 May 2023
Following an intense debate, the legislator introduced a new tax scheme applicable to copyright income. Main raison for this initiative is the assumed abuse of the until then beneficial tax…
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Are the tax authorities ‘partying with you on stage’?
Monday, 13 March 2023
Many festivals have announced the first names for spring and summer 2023. We explain below the tax obligations for festival organisers with foreign artists on the bill.
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Amendments to Hong Kong tax regime not sufficient? Update of the EU list on non-cooperative jurisdictions
Tuesday, 21 February 2023
Last week, the ECOFIN meeting of the Council of the EU took place, deciding on an update of the list of non-cooperative jurisdictions (the “black list”) and the list of…
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Luxembourg double tax treaties update : UK, France and Germany
Monday, 13 February 2023
On 20 January 2023, the Luxembourg Council of Government took two different important decisions.
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