News

Cyprus - Tax News 2011

During the course of the year 2011, Cyprus has approved a series of tax measures to improve its public finances. These measures have been designed to minimize their impact on those multinational groups that have operations in Cyprus.

SGG: Best Corporate Trust Services Provider 2011

We are happy to announce that SGG was presented with the BEST CORPORATE TRUST SERVICES PROVIDER 2011 award at the 3rd CFO World Awards Gala Luxembourg.
The Gala took place on November 29th at the Abbaye Neumunster, Luxembourg and gathered 440 professionals of the financial sector.

Clément Thevenet, co-sponsored by SGG, wins the Ice Marathon

SGG is proud to announce that Clément Thévenet has come to beat two records by winning, on December 1st and 2nd, the Antarctic Ice Marathon: he ran the 42 km track in 3 h 47'07’’ and the 100 km race in 12 h 09'06".

FAcTS Services and SGG join forces

It is our pleasure today to announce that FAcTS Services and SGG have signed an agreement to join forces.

Luxembourg, Belgium, The Netherlands, Switzerland, Cyprus, Malta, UK, USA, New Zealand

Luxembourg in the starting-blocks for AIFMD implementation

The draft bill 6318 modifying the Luxembourg law of 13 February 2007 on Specialized Investment Funds was filed with the Luxembourg Parliament on 12 August 2011.

New taxation of Trusts in France

Further to the definitive adoption of the French 2011 Amended Finance Bill, a new specific trust tax has been introduced in France.

France: new measure regarding Wealth tax

End of the deductibility of shareholders’ loans to an intermediary company financing real estate in France.

SGG sponsors the Islamic Financial Services Board Summit in Luxembourg

The 8th Islamic Financial Services Board will be held in Luxembourg this year from May 10 until May 13 under the theme: "Enhancing Global Financial Stability: Challenges and Opportunities for Islamic Finance”.

Luxembourg is out of Brazil's so-called "Grey List" for tax purposes

As per official declaration issued on March 25^th., 2011 effective at its publication on March 28^th., 2011, the Brazilian Tax Authorities definitively excluded Luxembourg from the List of Favorable and Preferential Tax regimes

Tax news for Luxembourg in 2011

The end of 2010 saw intense legislative and regulatory activity regarding taxation and compulsory contributions. The new measures concern both individuals and corporations, and the following is a summary of their most significant provisions.