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Law of 22 May 2020 extended the deadlines for having the financial statements approved by the shareholders and for the filing of those annual accounts, consolidated accounts as well as the related reports.

Payroll Newsflash: read more about the last changes regarding social security and emergency fund for very small businesses and self-employed workers in the context of the COVID-19 crisis

On 30 March 2020, the Luxembourg Government filed a Bill n°7547 (“Bill”) with the Luxembourg Chamber of Deputies, setting out legislation that disallows the tax deduction of interest or royalties paid or due to associated enterprises established in jurisdictions listed on EU’s list of non-cooperative jurisdictions for tax purposes (“black list”).

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

Payroll Newsflash: information on the measures decided by the government in relation to the exceptional situation generated by the COVID-19.

On 21 March 2020, the Luxembourg parliament passed the law n° 7465 (“the Law”) transposing the Council Directive (EU) 2018/822 of 25 May 2018 (“DAC 6”) as regards mandatory exchange of information in the field of taxation in relation to reportable cross-border arrangements.

New Luxembourg set of rules aiming to facilitate the digital holding of meetings of shareholders and management bodies of Luxembourg companies and partnerships.

Responding to COVID-19: 7 Steps to manage cash flow and financial headwinds

Payroll Newsflash: information about the short-time working for the employees. The Luxembourgish government is working actively on measures for independents workers.

Payroll Newsflash: The new index on salaries has been officially announced on 9th January 2020.

Despite the doubts around the exit of the United Kingdom from the European Union (Soft or Hard Brexit ?), we would like to inform you about the consequences to be expected in case of a Hard Brexit and in absence of a transitional period.

How should businesses and their indirect tax functions respond to the changes and uncertainty in relation to international indirect taxes? Working with our Luxembourg indirect tax teams, we have compiled a global guide of indirect tax systems in 117 jurisdictions.

Grant Thornton Luxembourg offers a new complete online accounting and consulting solution for SMEs named MySmartOffice to access financial and operational information instantly online.

On 19 June 2018, the Luxembourg Government presented the draft bill n° 7318 (“Draft Bill”) before the Luxembourg Parliament transposing the EU Anti-Tax Avoidance Directive (“ATAD I”) into Luxembourg domestic law.

On 11 June 2018, a new circular (765-1) was issued by the Luxembourg VAT authorities (Administration de l’Enregistrement et des Domaines) in order to clarify the application of circular 765 issued on 15 May 2013 regarding the calculation of deductible input VAT for companies that have a partial VAT activity (i.e. an activity that is partially out of the scope of VAT). Our Grant Thornton Luxembourg Tax experts can help you.

On 13 April 2018, a draft law was introduced to the Luxembourg Parliament by the Minister of Finance in order to implement VAT grouping provisions into the Luxembourg VAT law. Grant Thornton Luxembourg will monitor the legislative procedure and keep you informed about any changes which might result from this process.