EU

Whistleblower protection: from EU Directive to Luxembourg law

Here in Luxembourg, the transposition of EU Directive 2019/1937 on the protection of persons who report breaches of Union law (whistleblowers) is still in progress. EU member states have until 17 December 2021 to implement this directive into their national legislations. Until today, Luxembourg law has provided limited protection to whistleblowers (unless the […]
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BEPS 2.0: The corporate tax revolution for international business is here!

The last few years have seen some big changes in the corporate tax world – from ATAD1 & 2 and the EU Commission’s anti-tax avoidance package to the recent US tax reform. The impact of these new rules has not gone unnoticed in many countries now subject to significant changes, and often harsher tax principles. This is just a drop in the ocean, howeve […]
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How you’re going to make it to the new VAT system of 2022

Have a look at this timeline for the new, definitive VAT system. You may realize that 2022 is not so far away. Though that deadline remains subject to the recommendations of the EU Commission, the time to act is right now! Fortunately, the VAT package offers several measures, or “short-term quick fixes,” adopted by many Member States for entry into forc […]
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What you should know about the VAT package of 2022

“VAT is a major source of tax revenue for EU Member States. Yet, we face a staggering fiscal gap: the VAT revenues collected are EUR 170 billion short of what they should be. This is a huge waste of money…”[1] Pierre Moscovici’s statement feels quite clear. The VAT rules, as they currently exist, do not seem suitable for a constantly evolving tax envi […]
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Would the digital services tax do more harm than good?

On 21 March 2018, the EU Commission presented two Proposals for Council Directives specifically targeting the digital economy. One was about taxing corporations’ significant digital presences, while the other introduced a new, common, interim system of tax on revenues that arise from the provision of certain digital services by tech companies of a certain size […]
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Luxembourg’s taxation of virtual currencies is competitive in EU

On 26 July 2018, the Luxembourgish Tax Authorities (ACD) published a circular that seeks to clarify the tax treatment of virtual currencies, particularly in the context of disposals and mining. The ACD has taken the stance, currently a mainstream one, that virtual currencies are not considered official currency: under the current paradigm, money is money only […]
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