Highlights

RECENT Tax news AND UPDATES

IMPLEMENTATION IN LUXEMBOURG OF THE UBOs' OFFICIAL REGISTER

LUXEMBOURG CHAMBER OF REPRESENTATIVES ENACTED BILL N. 6929 RELATING TO RESERVED ALTERNATIVE INVESTMENT FUNDS (R.A.I.F.)

TAX BENEFITS DERIVING FROM THE LUXEMBOURG INTELLECTUAL PROPERTY TAX REGIME WILL SOON BE CONSIDERABLY REDUCED UNDER THE SO CALLED ‘MODIFIED NEXUS APPROACH’

A NEW SIMPLIFIED PRIVATE LIMITED LIABILITY COMPANY IN LUXEMBOURG, A S.À.R.L.-S

BEARER SHARES HAVE COME TO AN END IN LUXEMBOURG.

LUXEMBOURG AND USA HAVE FINALLY SIGNED THE FATCA AGREEMENT.

AUTOMATIC EXCHANGE OF INFORMATION IS A NEW STANDARD AMONG OECD COUNTRIES.

People

FILIPPO SANTECECCHI is the founding and managing partner of International Tax Services. He advises clients on international tax matters, on structuring cross border corporate acquisitions and he provides for international tax planning. He provides for consultancy on domestic Luxembourg tax matters (direct tax issues, indirect tax issues), business restructurings (fusions, scissions, transformations, liquidations, transfer of company legal seats), businesses evaluations, investment funds, securitization vehicles. Mr. Santececchi currently also follows and gives advices on bankruptcy procedures, he prepares financial statements, provides for transfer pricing advices.

International Tax Services provides for domiciliation, fiduciary, accounting services, and is specialized in setting up Luxembourg vehicles as so.par.fi., s.p.f., trusts and commercial companies.

Mr. Santececchi has also a long experience on Italian domestic tax, corporate matters and tax litigations.