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The ‘M-GmbH’ ruling of the European Court of Justice (‘ECJ’), issued on 15 April 2021, paves the way for a broader application of the VAT group than most EU countries currently apply. In line with previous rulings, the ECJ considers that the VAT group is not limited to VAT taxable persons or legal persons only. The ECJ rules that the links required to becoming (part of) a VAT group are EU definitions that should be interpreted by EU countries in the same way.

The Legal 500 has published its EMEA rankings for 2021 today. The rankings are based on independent research on both feedback from peers and clients, as well as on information on projects and transactions we are proud to advise our clients on.

Find pragmatic answers related to lending and secured finance in the Luxembourg jurisdiction.

Luxembourg is a renowned financial centre, particularly active in the debt segment of the capital markets. As a result of a favourable legal and tax framework, debt issuances of all types are frequently structured through Luxembourg, including green and sustainable bonds.

On 22 March 2021, the Council of the EU amended the directive on administrative cooperation (through the so-called “DAC7”) to expand reporting obligations and exchange of information to cover sales through digital platforms. These rules would apply from 2023. In addition, DAC7 amends the actual exchange of information and cooperation between EU member states, focusing on joint actions and joint audits. These rules would apply from 2024.

2021 marks a milestone year for Loyens & Loeff – the firm reached its 30th year of practice in Luxembourg. Since its establishment in 1991, the office has grown to become the third largest law firm in the country. The management team takes a look back at 30 years of expertise, challenges and innovation in an ever-changing legal environment.

Considering that both criminal and civil sanctions apply to the board of directors or managers of a Luxembourg commercial company for failure to declare bankruptcy in proper time, it is essential to determine exactly when the requirements for bankruptcy are met.

Legal guide Chambers & Partners Europe has published its rankings for 2021. Loyens & Loeff continues its top ranking as leading business law firm.

The Luxembourg tax authorities (LTA) have just published a new circular on tax treaty-based mutual agreement procedures (MAPs). MAPs are an interesting dispute resolution alternative to traditional court proceedings, notably from a confidentiality and timing perspective.

In its ruling of 11 March, the European Court of Justice (ECJ) decided that services rendered by the Danish head office of the Danske Bank to its Swedish branch attract VAT. This was based on the fact that the Danish head office had joined a Danish VAT group. As a result of this decision intercompany cross-border services are inside the scope of VAT, if either the head office or the branch are a member of a VAT group. This may result in VAT leakage. We will discuss this ruling and its impact in practice.

The new edition of the EU Tax Alert is available. With this publication we would like to keep you informed of the latest developments on EU tax law.

As a major European financial centre, Luxembourg maintains a certain degree of flexibility in its legal system to cope with an ever-increasing volume of inward investment. Discover our comprehensive overview.