BCC TAX & LEGAL NEWSLETTER 2022 #2

The present newsletters issued by member firms of the Tax and Legal groups cover the period from January- February  2022. If you would like to receive this newsletter, please contact the BCC Secretariat by email to info@bcc.lu.

Legal Newsletters:

Allen & Overy:

• Luxembourg securitisation regime set for major boost
• Soon there will be legal protection for whistleblowers. What are the employer’s obligations?
• Podcast: Twenty years after Sarbanes-Oxley: what will be Luxembourg employers’ obligations to protect whistleblowers?

BSP I Bonn Steichen & Partners:

• Draft law 7825 amending the Securitisation Law has been passed!
• CSSF lowers the notification threshold for short selling position
• Register of Beneficial Owners – Preliminary ruling to the Court of Justice of the European Union: the principle of public access to personal data “validated” by the advocate general of the CJEU

 Clifford Chance:

• Employers and HR managers, what to expect in 2022?

Linklaters:

• Draft Law transposing EU directive on whistle-blowers

Loyens & Loeff Luxembourg S.à r.l:

• Securitisation in Luxembourg: Where do we stand?
• The additional Taxonomy Regulation disclosures for climate objectives: the kick-off
• The bill modernising the Luxembourg Securitisation Law has been passed

MOLITOR Avocats à la Cour SARL:

• CovidCheck MANDATORY COVIDCHECK IN COMPANIES WILL SOON BE REAL!

NautaDutilh Avocats Luxembourg S.à r.l.:

• Bill on the Use of Digital Tools and Processes in Company Law Brought Before the Luxembourg Parliament
• New registration formality for natural persons as of 31 March 2022
• Boost for securitisation: Parliament passes bill amending the Securitisation Act

PwC Legal:

• Commission’s Extension until 31 December 2022 of the legal measures for holding general meetings and decisions of the management bodies remotely: legal and tax implications

Simmons & Simmons Luxembourg LLP:

• CSSF white paper on DLT use in financial services
• Security tokens admitted to the Luxembourg Stock Exchange
• The modernisation of the Luxembourg Securitisation Law now voted

WILDGEN S.A.:

• Application of ESMA’s Guidelines on Marketing Communications for AIFs and UCITS from 2 February 2022
• 2022 – New Year, New Perspectives; News and Future Regulatory Developments in the Funds Industry
• Extension of Exceptional COVID Measures for the Holding of Shareholders’ and Management Body Meetings Until 31 December 2022

Tax Newsletters:

​​​​​​​VAT Corner: (courtesy of VAT Solutions):

•  Mandatory issuance of electronic invoices in the context of public contracts
•  Fact sheet – Periodicity and deadlines for filing of VAT, Intrastat, OSS and IOSS returns

Real estate levy – New guidance from the Luxembourg tax authorities:​​​​​​​

• Deloitte
• KPMG
• PwC

Deloitte:

• 2022 Changes on Personal Income tax and Social security
• Filings with the Luxembourg RCS – New features as from 31 March 2022

KPMG:  

• EU Case law– Withholding tax refund to a Luxembourg SICAV UCITS

PwC:

• EU Commission’s proposal to implement Pillar Two 15% minimum ETR in the EU

EY:

• The latest on BEPS and Beyond – a 2021 review

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