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For 17 years, Grant Thornton has been tracking the global progress of women in senior management. In the last 12 months, unprecedented events have had an unforeseen and unparalleled impact on that progress.

Published in December 2020, the released Circular CSSF 20/758 on Central Administration, Internal Governance and Risk Management repeals CSSF Circular 12/552 and has been specificaly issued to the attention of Investment Firms.

One of the main chapter of the 20/750 CSSF Circular is Logical Security (IAM/PAM). How to comply with this point of the circular? Grant Thornton, in collaboration with Grabowsky, can assist you through advisory and solutions.

In the case C-288/19, the Court of Justice of the European Union recently decided on the VAT treatment of company cars, which are put at the disposal of the company’s employees for private use. Read more

Our experts help both Luxembourg residents and cross-border commuters to optimise their tax situation by making the right decisions and accompanying them through the administrative procedures.

This digital transfer pricing guide will help provide you with a general overview of the transfer pricing landscape and who to contact in Luxembourg for more detailed insight.

The COVID-19 crisis highlighted how important it is to react quickly to the unexpected. However, many companies were not ready for this, some of those have even been hacked due to security lack and others were not able to deploy a secure business continuity plan.

In a fast changing world, where business resilience and perseverance are at stake, it is critical for organisations to operate responsibly and for financial sector to invest sustainably.

Payroll Newsflash: read more about the news in tax matters in the context of the COVID-19 crisis

On 25 August 2020, the CSSF published the Circular 20/750 that implements the European Banking Authority (“EBA”) guidelines on management of information and communication technology (ICT) and security risks. In this new circular, CSSF has embedded the EBA guidelines into its regulatory requirements.

On 14 October 2020, the Luxembourg Ministry of Finance presented the 2021 Draft Budget Law (n°7666) (“Draft Law”) to the Chamber of Deputies, setting out a number of tax measures. It was announced that, due to the COVID-19 pandemic, the main focus will be put on containing the effects of the crisis. Therefore, instead of increasing taxes and conducting a general tax reform, a number of amendments which aim at restoring tax justice and improving economic sustainability were addressed.

With deals coming back to market, four private equity specialists shed light on current deal flow, where opportunities for private equity firms will lie in the future and how they can adapt to realise them.

At a time when access to finance is proving critical to many, mid-market businesses are looking beyond traditional sources and turning to private equity to fund their growth. Our specialists explore how private equity firms are now working with their portfolios and how the mid-market can benefit from investment.

The Ministry of the Economy and Luxinnovation have launched “Fit 4 Resilience”, a strategic innovation program intended to help Luxembourg companies exit from the crisis. As an approved consultant for this program, Grant Thornton can help companies reinvent themselves after the COVID-19 crisis.

Payroll Newsflash: read more about the last changes in legislation in the context of the COVID-19 crisis

The introduction of the new European Union (EU) Mandatory Disclosure rules (DAC 6) aims to implement procedural compliance requirements for intermediaries and taxpayers to disclose 'potentially aggressive tax planning arrangements' by intermediaries or taxpayers to the relevant tax authority. Subsequently, all tax authorities in the EU will then exchange received reportable disclosures amongst one another on a quarterly basis.