NEWSFLASH : OECD’s Tax transparency award for Luxembourg

On 30 October 2015, the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes (“GFT”) has stated that, in accordance with peer reviews of its member jurisdictions, it considers Luxembourg to be “largely compliant”. Luxembourg now shares the same highest rating in tax transparency as the United States, the United Kingdom, Germany, Italy, the Netherlands and 40 other countries out of 80 who already passed the Phase I and Phase II peer reviews. In November 2013, the…

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NEWSFLASH : Tax changes introduced by two new Luxembourg tax bills

The Luxembourg Minister of Finance recently introduced two new tax bills: one on the 13 October 2015 and one, which represents the draft state budget for 2016, on 14 October 2015 (the “Tax Bills”). In accordance with the new Tax Bills, the following changes are to be expected: Replacement of the minimum Corporate Income Tax by a minimum Net Worth Tax; Amendments to the Net Worth Tax Law; Step up in value for significant shareholdings (more than 10%) owned by…

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NEWS : The Simplified S.à r.l.: “How to S.à r.l. for Dummies” or a new tool for the finance sector?

On 2 February 2015, the Luxembourg government (hereinafter the “Government”) has introduced the draft bill n°6777 (hereinafter the “Draft Bill”) on the simplified private limited company (société à responsabilité limitée simplifiée, hereinafter “S.à r.l.-S”) to the Luxembourg Deputies’ Chamber. In a nutshell, its intent is to add further flexibility to the current Luxembourg corporate legislation by introducing a vehicle tailored to the needs of young entrepreneurs and which aims at allowing Luxembourg to rise to the same level of competitiveness…

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SJL Jimenez Lunz supports the MUDAM and the participation of the Grand Duchy of Luxembourg at the 56th Venice Biennale

Contemporary Art is tomorrow’s Modern Art. Its main vocation, besides helping us figure out the ever faster development of our society, is to grant us another perspective of it. Since its creation, our law firm, SJL Jimenez Lunz, has imparted and shared its passion for art and culture. In an environment of political, social, identity, economic and financial crisis, we decided to iterate our support to the artistic creation and to the major museum that is the Mudam Luxembourg, an…

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