Dear Friend of the Chamber,

The objectives of the British Chamber of Commerce for Luxembourg are to follow and influence developments in the economic and business world in Luxembourg affecting members’ interests, and so contribute to making Luxembourg an attractive place to do business. The Tax and Legal groups of the BCC address key issues in their sectors to corporate and individual members through a number of events, and seek to raise awareness and influence decision-makers as to the issues of concern to the BCC membership.

The purpose of the BCC Tax and Legal newsletters is to provide additional regular bimonthly updates on key tax and legal developments in Luxembourg that may be relevant to your business. The present newsletters issued by member firms of the Tax and Legal groups cover the period from November to December 2025. If you deem that another person within your organisation should receive this email, please let us know. If you wish to unsubscribe please contact the BCC Secretariat by email to info@bcc.lu.

Tax Newsletter

EY: 
•    VAT Alert – CJEU judgment in Kosmiro – Factoring fees constitute taxable debt collection services
•    VAT Alert – When TP becomes VATable: Key lessons from Arcomet (C-726/23)
•    Tax Alert – Luxembourg global compliance and reporting update

DELOITTE:
•    Luxembourg tightens VAT rules for professional use of company cars
•    VAT exemption of intermediation services
•    Luxembourg adopts national legislation on DAC9 and implements January 2025 OECD guidelines
•    2026 tax package introduces startup credits and social security increases

ATOZ:
•   Parliament’s finance committee passes amendments to the carried interest draft law
•   Luxembourg’s New Start-Up Tax Credit: Key Features and Implications for Investors as from 2026
•   Pillar Two and DAC9: Luxembourg adopts law easing filing obligations and clarifies treatment of deferred taxes
•   Luxembourg Council of State greenlights carried interest draft law

KPMG:
•   Luxembourg Tax Alert 2025-08: Everything you need to know for 2026
•   Luxembourg Tax Alert 2025-07: VAT and company cars: new guidance published by the Luxembourg VAT authorities

Legal Newsletter

BANKING:

ELVINGER HOSS PRUSSEN
•    Political Agreement on the EU Retail Investment Strategy – New Framework for Retail Investors is On the Way

CORPORATE / M&A:

A&O SHEARMAN
•   New gender-balance law for Luxembourg-listed company boards

BAKER & MCKENZIE
•   Luxembourg: Upcoming reform of the deferred payment of minimum share capital for SARLs

DLA PIPER
•   Incorporate Now, Pay Later: Deferred capital payments open door to easier SARL incorporation in Luxembourg 

LINKLATERS LLP
•   Adoption of the Women on Boards Directive in Luxembourg
•   EU Listing Act one year: key upcoming changes for ECM prospectuses

MOLITOR AVOCATS À LA COUR
•   NEWSFLASH – AML – Expansion of primary offences and strengthening the procedural framework

EMPLOYMENT:

A&O SHEARMAN
•   Bill No. 8634 passed: Key changes to Luxembourg’s pension regime

ESG:

BSP  
•   Sustainable Finance Insights Series – 22 | SFDR revision | European Commission proposes major overhaul to simplify sustainable finance disclosures

CLIFFORD CHANCE
•   SFDR 2.0: first look at proposed EU sustainability disclosure regime changes for funds

ELVINGER HOSS PRUSSEN
•   Sustainable finance update (asset management) – EU Commission publishes final SFDR 2.0 proposal

FINANCIAL REGULATIONS:

BAKER & MCKENZIE 
•   European Union: SFDR 2.0 – simplified disclosures, new categories and stricter marketing rules

DLA PIPER
•   Bribery and Corruption Law in Luxembourg
•   DORA Penalty Regimes : Overview of Divergence Among States

LOYENS & LOEFF
•   Luxembourg regulator refines captive and reinsurance licensing processes

MOURANT OZANNES 
•   CRD VI: consequences on non-EU banking institutions lending money to Luxembourg entities

INVESTMENT FUNDS:

A&O SHEARMAN 
•   Great Fund Insights – SFDR 2.0 overhaul: Impact of the new categories and disclosures on funds and asset managers

ELVINGER HOSS PRUSSEN
•   CSSF published CIRCULAR 25/901 concerning specialised investments funds, SICAR and UCI Part II funds

LOYENS & LOEFF
•   Luxembourg regulator CSSF launches modernisation of SIF and UCI Part II fund regimes 

IT:

NAUTADUTILH
•   Simplification of EU digital regulations: The Digital Omnibus

STELLAN PARTNERS
•   The Data Privacy Chronicle #1
•   The Data Privacy Chronicle #2

LITIGATION:

AKD
•   Luxembourg introduces class actions in consumer law

BAKER & MCKENZIE
•   Luxembourg: Introduction of class actions in consumer law

BSP
•   Luxembourg Case Law – Clarifications from the Luxembourg Summary Court on the procedural initiation of a recourse in revocation under the European Account Preservation Order Regulation

LINKLATERS LLP
•   Luxembourg adopts new rules for Collective Redress

MOLITOR AVOCATS À LA COUR
•   NEWSFLASH – Recognition of class actions under Luxembourg law

NAUTADUTILH 
•   Introduction of class action lawsuits in Luxembourg

REAL ESTATE:

MOLITOR AVOCATS À LA COUR   
•  Contractual mortgage in Luxembourg: legal overview

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Best regards,

BCC Secretariat