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 May to June 2026. 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
VAT CORNER:
• DELOITTE – VAT impact of transfer pricing adjustments
• DELOITTE – Strict interpretation of the VAT exemption for credit management
• EY – VAT treatment applicable to outsourced credit management services
PILLAR TWO:
• DELOITTE – Luxembourg clarifies Pillar Two registration, notification, and filing obligations
• KPMG – Updated Pillar Two FAQ Clarifies Compliance Obligations
• ATOZ – Pillar Two: Luxembourg releases list of jurisdictions enabling GIR filing exemption
TRANSFER PRICING
• KPMG – Luxembourg TP: Guarantee fees in focus
KPMG:
• Belgium Court confirms 15% WHT Reclaim for SICAVs
TAX OMNIBUS DIRECTIVE:
• KPMG –Tax Omnibus and DAC Recast
• ATOZ – The Tax Omnibus Directive: A Trojan Horse for EU tax sovereignty
EY
• Luxembourg publishes list of jurisdictions for automatic exchange of GloBE Information Return
ATOZ
• The Administrative Court of Luxembourg and the qualification of interest-free loans
• Form over substance: Why the Luxembourg Tribunal’s share premium ruling cannot stand
Legal Newsletter
BANKING:
LOYENS & LOEFF
• A smoother road to securitisation: Luxembourg fine-tunes its securitisation toolbox
OGIER
• Luxembourg implements CRD VI
SIMMONS & SIMMONS
• Luxembourg securitisation: new bill enhances flexibility and certainty
STELLAN PARTNERS
• Listing Act: Update on certain changes to the Prospectus Regulation and MAR introduced by the Listing Act Regulation
BANKING & FINANCE:
AKD
• Roadmap to securitisation in Luxembourg 2026
• Further targeted modernisation of the Luxembourg securitisation framework: bill of law No. 8761 amending the law of 22 March 2004 on securitisation
OGIER – (securitisation / structured finance)
• Luxembourg Securitisation Law: key changes for sponsors, originators and investors
CAPITAL MARKETS:
A&O SHEARMAN
• Modernising Luxembourg’s Securitisation Law – Key changes introduced by the Reform Bill
CORPORATE / M&A:
BAKER MCKENZIE
• Deferred Capital Payment Enacted for Sarls
LINKLATERS
• New rules ease share capital payment for Luxembourg SARLs
SIMMONS & SIMMONS
• Luxembourg SARLs: Deferred payment of share capital
STELLAN PARTNERS
• Reform of SARL’s: introduction of deferred payment of share capital
MOLITOR AVOCATS À LA COUR
• Deferred payment of SARL share capital
DATA PROTECTION
A&O SHEARMAN
• Luxembourg adopts a new cyber and resilience framework with NIS 2 and CER laws
EMPLOYMENT:
MOLITOR AVOCATS À LA COUR
• Workplace moral harassment: key steps for employers
STELLAN PARTNERS
• Right to disconnect: The countdown has begun
FINANCIAL REGULATIONS:
A&O SHEARMAN
• AML Playbook: EU Edition #1: the new EU AML/CTF package
DLA PIPER
• CRD VI Transposition in Luxembourg
IT:
DLA PIPER
• Combating cyberviolence: Key changes to the Criminal Code
SIMMONS & SIMMONS
• Luxembourg transposes NIS2, strengthening cybersecurity rules
LITIGATION:
BSP
• Act II before the CJEU: following the 2022 judgement, the RBE saga resumes
DLA PIPER
• Luxembourg moves to strengthen its position as a forum for financial and high-value commercial litigation
RESTRUCTING AND INSOLVENCY:
OGIER
• Differentiated treatment of creditors under Luxembourg’s new restructuring law
SECURITISATION / CAPITAL MARKETS AND BANKING:
LINKLATERS
• Modernisation of the Luxembourg Securitisation Law: enhancing flexibility and legal certainty
SECURITISATION / BANKING & FINANCE:
BAKER MCKENZIE
• Luxembourg: Bill 8761 Refines Securitisation Framework
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Best regards,
BCC Secretariat
