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NEWSFLASHES

Budget 2021: various tax measures to address the impact of the COVID-19 pandemic and support a sustainable recovery

On 14 October 2020, the Luxembourg government filed the budget bill 7666 with the Luxembourg parliament. The budget bill introduces several tax measures in favour of social equity aiming to address the impact of the COVID-19 pandemic and support a sustainable recovery. It does however not increase the rates of existing taxes and does not introduce any new wealth tax or succession duties.  Click here to read the full Newsflash

Foreign direct investment EU screening fully operational as of 11 October 2020

As of October 11, 2020, the EU Framework on the screening of foreign direct investment (the “FDI Regulation”) has become fully operational. The first destination for FDI in the world has nowadays an information exchange network to allow closer scrutiny of FDI into key technologies, infrastructure, inputs or access to sensitive information on the EU market.  Click here to read the full Newsflash