Annual Residential Property Tax (ARPT) – United Kingdom (UK)

The Treasury yesterday released the draft Finance Bill 2013 clauses in relation to the new annual charge, which will be called the “Annual Residential Property Tax” (ARPT). Details of the extension to CGT from April 2013 also emerged, although we will have to wait until January 2013 before the draft legislation is released. These follow…


Coficom Trust S.à r.l. – CSSF Circular on UCITS depositaries

Written by Nicholas Martin – Coficom Trust S.à r.l. The Commission de Surveillance du Secteur Financier (“CSSF”) published on 11 October 2016 a new circular 16/644* on UCITS depositaries. This circular repeals and replaces CSSF circular 14/587** (as amended by 15/608) and entered into force on 13 October 2016. Please click here to read the…


Coficom Trust S.à r.l. – Luxembourg Green Exchange – The World’s Leading Exchange for Green Securities

Written by Nicholas Martin – Coficom Trust S.à r.l. On September 29, 2016, Luxembourg Stock Exchange (LuxSE) introduced the world’s first exchange that will trade nothing but green securities, the Luxembourg Green Exchange (LGX). LGX intends to act as a gatekeeper for green bonds and other environmentally focused financial instruments by bringing them together with…


Coficom Trust S.à r.l. chosen by Santa Fe Associates in Luxembourg

COFICOM TRUST, a member of the ORDRE DES EXPERTS-COMPTABLES, is very pleased to announce that SANTA FE ASSOCIATES EXECUTIVE COMMITTEE has chosen them as the exclusive CERTIFIED MEMBER FIRM for Luxembourg. COFICOM TRUST is a leading firm of Chartered Accountants in Luxembourg, working with many national, international and multinational companies in Luxembourg and around the…


European Commission – Apple, Starbucks and Fiat

On 11 June 2014, the European Commission opened a formal investigation procedure and issued two formal notices concerning alleged State aid against Luxembourg; these address the practice here of advance rulings on tax matters and the regime of intellectual property taxation. This initiative of the Commission follows extensive communication between the European Commission and the…