Grant Thornton Luxembourg July Data Protection Newsletter - We share clear and practical insights on the latest developments in data protection, AI, and tech regulation, helping you stay informed and compliant in this ever-changing digital landscape. Whether you manage compliance or simply want to stay safer and better informed online, this newsletter is for you.
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NIS2 is the European Union’s updated cybersecurity framework. In Luxembourg, it was transposed into national law through the Act of 5 May 2026, which entered into force on 10 May 2026. The objective is to strengthen cybersecurity, improve resilience, and ensure that organisations providing essential or important services are better prepared to manage cyber risks and incidents.
Take control of your tax obligations and discover new opportunities. Thanks to our innovative tool, adapt your Tax Calendar 2026 to your needs and meet your tax deadlines efficiently with Grant Thornton Luxembourg.
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2024 Co-funding applications are fast approaching! As the application deadline is 31 May 2025, we are here to assist you throughout the process.
On March 11, 2025, The Council of the European Union officially adopted the VAT in the Digital Age (ViDA) Package! From now on and progressively until January 2035, a comprehensive set of measures aimed at simplifying and modernizing VAT rules for the Digital Age will follow.
Announced as part of the Competitiveness Compass for the EU published 29 January, the European Commission has just published its proposals to simplify sustainability reporting, including the Corporate Sustainability Reporting Directive.
This publication is designed to give preparers and reviewers of IFRS financial statements a high-level awareness of recent changes to International Financial Reporting Standards. It covers both new Standards and Interpretations that have been issued and amendments made to existing ones.
Taxpayers are required to make quarterly advance payments for Corporate Income Tax (CIT), Municipal Business Tax (MBT) and Net Wealth Tax (NWT).
In a step toward streamlined sustainability reporting, the European Financial Reporting Advisory Group (EFRAG), in collaboration with Directorate-General for Environment (DG ENV) and Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA), has identified key synergies between the Eco-Management and Audit Scheme (EMAS) and the Corporate Sustainability Reporting Directive (CSRD).
Grant Thornton Luxembourg, in association with several Grant Thornton member firms in Europe are once again launching a study aimed at establishing an overview of the DPO function (Data Protection Officer) in the main countries of the European Union.
Stay Ahead of Luxembourg Tax Compliance. Take control of your tax obligations and discover new opportunities. Discover our online calendar tool and contact our tax experts to take the first step towards seamless tax compliance.
The Luxembourg Business Registers (“LBR”) has recently introduced new changes to the administrative requirements to be introduced at the Trade and Companies Register (“RCS”) and which will apply as from 12 November 2024.
On November 5, 2024 The Council of the European Union, after long negotiations, announced that the EU’s Taxation Council has reached an agreement on the VAT in the Digital Age (ViDA) package.
On 17 July 2024, the Luxembourgish government announced a list of new measures designed to boost purchasing power, with effect from 1 January 2025. The announcements below are still in draft form and have not yet been definitively implemented.
The key amendments, that mostly concerns transfer pricing aspects, are the modifications made to the General Law on Taxation of the 22 May 1931 (“Abgabenordnung”) in the following paragraphs: §29c, §96a, §171 ,§165c & §249. These changes have been made with a view to simplifying and modernising the procedures applicable to taxpayers.
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The three European Supervisory Authorities (EBA, EIOPA, and ESMA, collectively known as the ESAs) have unveiled the second batch of policy products under the Digital Operational Resilience Act (DORA). This latest release comprises four final draft regulatory technical standards (RTS), one set of Implementing Technical Standards (ITS), and two guidelines, all designed to bolster the digital operational resilience of the European Union’s financial sector.
The Corporate Sustainability Due Diligence Directive (CSDDD) has been published in the Official Journal of the European Union, marking a major advancement in promoting sustainable business practices across Europe.
The CSSF and the CAA are authorised to impose administrative sanctions and measures for violations of specific articles of the EU regulation 2022/2554. These sanctions can be applied to both individuals and organisations, including directors and responsible persons within the entities.