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Circular CSSF 20/740 Related to Finance Crime and AML/CFT Implications during the COVID-19 Pandemic

_The CSSF has issued a new Circular CSSF 20/740 relating to Financial crime and AML/CFT implications arising from the COVID-19 pandemic. The purpose of this circular is to provide guidance to ...

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CSSF Communication: Launch of a Weekly Questionnaire to Investment Fund Managers

_With the objective to continue ongoing supervision of the investment fund sector during the current period of market turbulence, the CSSF announced on 9 April the launch of a new weekly questionnaire...

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Emergency Indemnities of EUR 2,500 for the Self-employed

In order to support self-employed people financially, the Government approved on 08 April a draft Grand Ducal regulation aimed at establishing a certified emergency indemnity of 2,500 euros in th...

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Labour Code: Series of New Measures Adopted by the Government

_Ministers met in Council on Wednesday 8 April and agreed on a series of new measures, among which the following derogating from articles of the Labour Code. Grand-Ducal Regulation derogating ...

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Episode 5 - COVID-19 Webcast - Issues Associated with the BCP Remote Working

_This is the fifth episode of our COVID-19 webcast series. In this new episode Partner, Mark Shaw is joined by George Ralph CITP, Managing Director of RFA. They focus on the issues associated ...

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Possibility to Request a Deferral of VAT Payment

_The Luxembourg VAT authorities issued a newsletter on 7 April 2020 regarding the possibility to request a deferral of VAT payment via MyGuichet.lu. Indeed, given the current health crisis, the Lux...

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Continuité du secteur assurantiel et crise du COVID-19: Prises de position de l’EIOPA

English version below. Versione italiana di seguito. Lëtzebuergesch Versioun hei drënner. _L’EIOPA en collaboration avec les Autorités européennes de surveillance et le Comité europé...

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New Bill: Non-tax Deductibility of Interest and Royalty Payments to Blacklisted Countries

_On 30 March 2020 the Luxembourg Minister of Finance filed before the Luxembourg Parliament the bill n°7547 (“Bill”) aiming at amending Article 168 of the Luxembourg income tax law dated 4 December 19...

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COVID-19: Luxembourg Tax Measures

_In response to the COVID-19 crisis, the Luxembourg government has decided to enact a series of direct and indirect tax measures. Please find some of them below. Direct tax measures The deadline...

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