Tax updates for the shipping sector amid greener supply chain regulations

Following our most recent newsletter which put a spotlight on the shipping sector, here’s a round-up of the latest national and international developments. In Luxembourg: Account 115 In a final judgment released on 31 March 2022, the Luxembourg Supreme Court (Cour administrative) denied the qualification of contribution in account 115 for the purposes of th […]

Why HR is crucial to business strategy success

In a constantly and rapidly changing world which presents unprecedented challenges for business, organizations are forced to assess their strategies and core priorities. Persistently driving value and competitive advantage often lead to driving transformational change across all levels of an organization. It is widely accepted that human capital and talent ma […]

Crypto-assets gain popularity – are IFRS accounting standards ready?

The use of digital assets - or crypto-assets - is accelerating by the minute. But what exactly are they? And how can their ongoing accounting-related challenges be handled? Let’s first take a look at what’s been happening here in Luxembourg. From January 2022, LuxSE has allowed certain security tokens (financial instruments issued on a distributed ledger) […]
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Crypto assets and NFTs: Reporting and CRS Changes

Big changes in crypto-asset reporting and CRS At the request of the G20, and in view of consistently increasing tax administrations visibility, the OECD released a public consultation document on 22 March 2022 introducing a Crypto-Assets Reporting Framework (CARF), as well as proposed amendments to the Common Reporting Standard (CRS). In recent years, we […]
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Lessons from Pathfinders – how do the foremost HR organizations drive value in the face of disruption?

As the world recovers from the Covid-19 crisis, it cannot be denied that it has left an impact on the way organizations operate. Not only that, but the past decade has also seen significant advancements in technology and automation. This has been dubbed “double disruption” by the World Economic Forum (WEF), with many organizations succumbing to it. Howeve […]
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