EU Regulation N°1042/2013 adopted on 7 October 2013 introduces new VAT rules applicable as of 1 January 2017 as regards to the place of supply of services connected with immovable properties.
The year 2017 will kick off with three major changes involving sizeable consequences for both employers and employees: wage indexation (l), an increase of the minimum social wage (II) and a reform of the organisation of working hours (III).
On 27 December 2016 the Luxembourg Tax Authorities (Administration des contributions directes) issued Circular Letter L.I.R. – N° 56/1 – 56bis/1 (the “New Circular Letter”) on the tax treatment of companies engaged in intra-group financing transactions.
Today, the Luxembourg Parliament enacted the law (the “New Market Abuse Law”) implementing Directive 2014/57/EU of the European Parliament and of the Council of 16 April 2014 on criminal sanctions for market abuse (market abuse directive), also known as the “Market Abuse Criminal Sanctions Directive” (“Directive 2014/57/EU”) and Commission Implementing Directive (EU) 2015/2392 of 17 December 2015 on Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards reporting to competent authorities of actual or potential infringements of that Regulation (“Directive (EU) 2015/2392”).