“Tax”, a much needed prefix for our greener future

Everlasting growth has been the panacea of the socio-economic model we live in today, a logic not unlike the big bang theory expansion. However, this single idea is increasingly blamed for fueling the latest global economic crises and for aggravating the climate issues we face today. This criticism comes at …

Paramètres sociaux 2021 au Luxembourg, quoi de neuf?

Presque un an après le début d’une épidémie et d’une crise économique sans précédent, c’est en direction des plus bas revenus que le gouvernement luxembourgeois a décidé d’agir. En effet, avec une revalorisation de 2,8% du salaire social minimum, ce sont plus de 60 000 salariés qui verront leur salaire …

Social Parameters 2021 in Luxembourg, what’s new?

Nearly one year after the beginning of the COVID-19 pandemic –unheard-of by most of us–  followed by an economic crisis, the Luxembourg government has decided to focus on helping the people whose income is more limited and may be living in a disadvantageous situation. Consequently, about 60 000 employees are …

Key considerations when outsourcing accounting and tax operations in the Alternatives Industry

The finance function in the alternatives industry has grown in complexity and the tendency seems to continue. In addition to the more intricate business structures as well as the increasing external stakeholders demands, joins the variable “digital transformation” that’s shaping the algorithm of the future.  Designing a finance function that …

This infographic tells you the 2019 social parameter changes

To keep pace with evolving living costs, as determined by the Statistics and Economic Studies bureau (STATEC), the main social parameters in the Index 814.40, applicable 1 January 2019, increase the social minimum salaries. The Index also introduces new lower rates for employers’ mutuality and implements a new reform in …

Transfer Pricing Provisions in Luxembourg VAT law: What you need to know

As a private customer when you purchase a good or a service from your supplier, value-added tax (VAT) is generally included in the price. The supplier is collecting and then remitting the amount of VAT to the relevant corresponding country’s tax authorities. For companies operating in the financial services industry …

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