aiqunited-tax-realestate

German Investment Tax Act vs. German Foreign Tax Act

Precedence of the German Investment Tax Act Over the German Foreign Tax Act Under the ATAD Implementation Act Background On 25 June 2021, the German Federal Council (Bundesrat) approved the Act on the Implementation of the Anti-Tax Avoidance Directive, which had already been published in the Federal Law Gazette (Bundesgesetzblatt) on 30 June 2021. The …

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aiqunited-luxemburg

Adoption of the Delegated Act Supplementing Article 8 of the Taxonomy Regulation

EC: Supplementing Article 8 of the Taxonomy Regulation On 6 July 2021, the European Commission adopted the Delegated Act (the “DA”) supplementing Article 8 of the Taxonomy Regulation for review by the European Parliament and Council. The Delegated Act provides for specific details on the content and presentation of information that both financial and non-financial undertakings are …

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New ESG Disclosure Obligation for Financial Market Participants Effective From 30 June 2021

New ESG Disclosure Obligation for Financial Market Participants Effective From 30 June 2021   The European ESG Disclosure Regulation (Regulation (EU) 2019/2088) has been in force since 10 March 2021. The aim of the Disclosure Regulation is, among other things, to establish comprehensive transparency obligations on specific sustainability aspects for all financial market participants. According to the legal definition …

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ESMA GUIDANCE FOR FUNDS’ MARKETING COMMUNICATIONS – -NEW OBLIGATIONS FOR AIFMS AND UCITS MANCOS

ESMA GUIDANCE FOR FUNDS’ MARKETING COMMUNICATIONS[1] – New obligations for AIFMs and UCITS MancoS The European Securities and Markets Authority (ESMA) drafted a consultation paper on guidelines on marketing communications. ESMA invited feedback from interested stakeholders on the proposed guidelines by 8 February 2021 and will consider this feedback with a view to issue final …

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DAC 6: Luxembourg Is Extending Reporting Deadline/Situation for Germany Remains Uncertain

  On 27 July 2020, Luxembourg has published a law amending the reporting deadline regarding cross-border tax arrangements in Mémorial A No. 638. Therefore, the following reporting deadlines apply in Luxembourg:   If the first step of an arrangement was implemented between 25 June 2018 and 30 June 2020, reporting can be made by 28 February 2021. If the first step of …

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Changes to FATCA and CRS Laws – Nil Reports Will Be Mandatory

The Luxembourg Law of 18 June 2020 provides for the following amendments to the FATCA Law (Luxembourg Law of 24 July 2015) and the CRS Law (Luxembourg Law of 18 December 2015):   Mandatory nil reporting:   The CRS Law and the FATCA Law now expressly provide that from 1 January 2021, Luxembourg financial institutions will be …

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DAC 6: German Federal Minister of Finance Comments on Extension of Deadline – Luxembourg Submits Draft Law

On 19 June 2020, we informed you about the decision of the European Council to allow EU Member States to extend the reporting period for cross-border tax arrangements as defined in the DAC 6 Directive by up to six months. The following extensions of the reporting deadline have been proposed:   If the first step of an …

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UPDATE : European Union postpones deadline for “DAC 6″

Commission proposes postponement of taxation rules due to Coronavirus crisis On 14 May 2020, we already informed about a proposal by the European Commission to postpone the original deadline for DAC 6 notification due to the restrictions during the COVID-19 pandemic. The Luxembourg Ministry of Finance endorsed this proposal in a publication of 4 June …

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AIQUNITED unterstützt die Resolution der Deutsch-Luxemburgischen Wirtschaftsinitiative (DLWI) hinsichtlich der Aussetzung der Verständigungsvereinbarung über die 19-Tage Regelung für die Deutsch-Luxemburgischen Grenzgänger

Leider ist der Eintrag nur auf Deutsch verfügbar For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.      

Luxembourg Parliament passes DAC 6 law

News radar: On 21 March 2020, the Luxembourg Parliament discussed and voted in favor of the bill implementing the DAC 6 Regulation in national law which was last amended by bill no 749510. The amended and now implemented bill (bill no 74959) extends the exemptions from the reporting obligations to expert-comptables, auditors, and lawyers and also …

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