Luxembourg: no interest and royalty deduction for EU non-cooperative tax jurisdictions

On 28 January 2021, the Luxembourg Parliament approved the new law, which disallows the tax deductibility of interest and royalties payable to related corporate entities located in the EU’s list of non-cooperative jurisdictions for tax purposes. The new law will enter into force on 1 March 2021 and apply to interest and royalties accruing as from that date.

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British Virgin Islands – Voluntary liquidations for first half-year companies

As annual British Virgin Islands (“BVI”) Registry fees are now payable for those BVI companies that were incorporated or registered in the first half of the year, it is time to start planning the liquidation of those entities that have reached the end of their life cycle, to ensure that unnecessary Registry fees are not incurred.

The role of jurisdiction in hedge funds

This webcast covers the benefits of setting up a hedge fund in the Cayman Islands, Ireland, Jersey and Luxembourg, while considering the themes of investment fund regulation, trends, management companies and distribution.

Data Protection Commission 2020 Annual Report

On 25 February 2021, the Irish Data Protection Commissioner (“DPC”) released its 2020 annual report (“Report”). The Report relates to the second full year of the operation of the General Data Protection Regulation (EU) 2016/679 and the Law Enforcement Directive (EU) 2016/680.

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