Proposed legislation for Italian Patent Box regime
In Italy the bill for the 2015 Stability Law will introduce a “Patent Box” regime for companies performing R&D activities, either directly or in cooperation with universities. Both Italian and foreign companies (through a PE) would be able to benefit from the reduced effective income tax rate on profits generated by R&D projects. The exemption (50%)
FSMA, Febelfin and FEB published a joint Communication on EMIR
On 2 December 2014, the Financial Securities and Markets Authority (FSMA), the Fédération belge du secteur financier (Febelfin) and the Federation of Enterprises (FEB) prepared and issued a joint communication on the application of the European regulation EMIR (as defined below) to non-financial counterparties active in derivatives transactions (the “Communication”). The regulation (EU) No 648/2012
End of the Luxembourg withholding tax system in the frame of the EU Savings Directive
The Luxembourg parliament voted the draft Law n°6668 enacting the automatic exchange of information for interest payments within the EU as from 1 January 2015, in the frame of the EU Savings Directive (“the EUSD”). Such draft Law has become the Law of 25 November 2014, published in the memorial dated 27 November 2014. The