EY experts explain tax on savings and cash accounts interest | Luxembourg Times
Understand how interest earned from savings and cash accounts held in Luxembourg and abroad is taxed and learn about tax exemptions
Read MoreUnderstand how interest earned from savings and cash accounts held in Luxembourg and abroad is taxed and learn about tax exemptions
Read MoreSince January 1, 2024, a new investment tax bonus scheme (art. 152bis of the Income Tax Act, or "LIR") is applicable. This measure aims to support companies in the digital transformation and environmental transition of their activities. Indeed, the new measure allows companies to benefit, under certain conditions, from a tax reduction of up to 18% of the investments and operating expenses they incur to support their digital transformation or reduce their environmental impact.
Read MoreNexus Luxembourg is set to return for its second annual edition, a two-day tech symposium and exhibition focused on AI, technology, and business. The event promises countless opportunities for inspiration, learning, networking, meaningful encounters, and strategic partnerships.
Read MoreA special connection between Luxembourg and New York is taking shape at the Davis Center in Central Park, where 23 hand-crafted doors from Drinklange will soon welcome visitors. The world famous Central Park in the middle of Manhattan is undergoing some exciting new changes to be ready for every season – a new pool for the summer and a new ice rink for the winter. As exciting as this sounds for New Yorkers, why should that interest us here in Luxembourg ? The new Davis Center will bear a special grand ducal connection, featuring 23 large glass doors designed meticulously in the north of Luxembourg. For a whole three weeks, eight large boxes were heading from Drinklange, Troisvierges all the way to the Big Apple.
Read MoreDecember 11, 2024 President Joseph R. Biden, Jr. today announced the designation of a Presidential Delegation to Belgium and Luxembourg to attend the Commemoration of the 80th Anniversary of the Battle of the Bulge on December 13-14, 2024. The Honorable Bill Nelson, Administrator of the National Aeronautics and Space Administration, will lead the delegation. Members of the Presidential Delegation: The Honorable Thomas M. Barrett, United States Ambassador to the Grand Duchy of Luxembourg The Honorable Michael M. Adler, United States Ambassador to the Kingdom of Belgium The Honorable Harry Coker, Jr., National Cyber Director, Office of the Cyber Director, The White House The Honorable Terri Tanielian, Special Assistant to the President for Veterans Affairs, Domestic Policy Council, The White House The Honorable Sheila Casey, Executive Director of Joining Forces, The White House
Read MoreMUDEC offers students opportunity to explore a unique cultural landscape As universities worldwide boost their international efforts to help students engage with diverse cultures, languages, perspectives, global trends, and commerce, Miami is building on a tradition of more than a half-century rooted in Luxembourg. Miami established its Miami University Dolibois European Center (MUDEC) in 1968, amid social and political turbulence in both Europe and the United States, to give students meaningful international experience. The initiative, led by then-provost Charles Ray Wilson, chose Luxembourg at the urging of Miami alumnus John E. Dolibois, the vice president of advancement and U.S. ambassador to Luxembourg. Dolibois highlighted the country’s unique cultural landscape, manageable size, and central location that enables weekend exploration of neighboring countries. The center is housed in Differdange Castle in the southwest. MUDEC students have witnessed such historic events as the return of American …
Read MoreSimpson Thacher & Bartlett (STB) and Herbert Smith Freehills (HSF) have confirmed plans to open offices in Luxembourg, with both set to launch operations early next year. The move reflects Luxembourg’s growing role as a key jurisdiction for private capital and alternative investments in Europe. Luxembourg has become a significant hub for private equity and private capital funds, driven by its robust regulatory framework, long-standing expertise, and position within the EU single market. The country is increasingly used by private equity firms as the primary location for structuring and distributing funds to European investors. STB’s Luxembourg office will be led by three funds partners with the firm being well-known for advising major private equity fundraisers, including Blackstone, CVC, and EQT. HSF’s office will similarly focus on private funds. Gareth Earl, head of STB’s European Funds Practice, described Luxembourg as a …
Read MoreFrom the Embassy of Luxembourg in Washington, D.C. This year’s Veterans Day is especially sad for us as we learnt about the passing of Darrell Reed Bush, U.S. veteran of the Battle of the Bulge and a cherished friend of our Embassy. Darrell passed away peacefully at the age of 99. Our deepest condolences go out to his beloved wife, Dorothy, and his family. Darrell and Dorothy recently marked a remarkable milestone, celebrating their 81st wedding anniversary. We feel particularly fortunate to have been able to spend many meaningful moments together with Mr. Bush, telling us firsthand his experiences during the Battle of the Bulge. Mr. Bush fought courageously with the 106th Infantry Division, 75th Division during one of the most decisive battles of the Second World War. His bravery and service made a lasting impact during …
Read MoreWritten by Kangkan Halder “Clearstream’s proven track record and comprehensive service offering from subscription to execution, settlement, custody and trailer fee collection will allow Spuerkeess to enhance operational efficiency and cost-effectiveness,” said Aly Kohll, deputy CEO of Spuerkeess, in a press statement on Tuesday 8 October 2024. Photo: Clearstream Fund Services In a strategic effort to consolidate its fund operations, Spuerkeess chose Clearstream as its partner for executing and distributing its investment fund business, aiming to enhance cost-effectiveness and operational efficiency. Luxembourg’s leading state-owned bank, Spuerkeess, announced its decision to partner with Clearstream, a Kirchberg-based global post-trade services provider owned by Deutsche Börse, for the execution and distribution of its investment fund business. This collaboration, announced on Tuesday 8 October 2024, aims to enhance operational efficiency and cost-effectiveness for Spuerkeess. According to the press statement, Spuerkeess sought to consolidate its mutual and alternative funds …
Read MoreNATO awarded satellite operator SES its first contract for Medium-Earth Orbit (MEO) satellite services under a partnership established in 2022. The NATO Support and Procurement Agency (NSPA), announced the MEO Global Services (MGS) award on Sept. 10. Luxembourg and the U.S. will leverage SES’s MEO services to carry out naval, air, and ground communications missions around the globe. This comes after the U.S. and Luxembourg established a partnership in October of 2022 called the Global Commercially Contracted Satellite Communications Support Partnership (GCC SATCOM SP) to start a new era of space cooperation within NATO. The partnership allows for “pooling and sharing” of space capabilities among NATO members. The MGS program was originally founded by Luxembourg and the United States is open to NATO Allies and partners. MGS is an outline agreement over three years with two additional one-year options. Last year, Luxembourg’s Parliament approved 195 million euros ($215 million) over 10 …
Read More