The bill of law number 7791 amending the law of 10 August 1915 on commercial companies, as amended (the “Company Law”) has been approved by the Chamber of Deputies and entered into force on 16 August 2021.
As a reminder, the wording of the new Article 1500-7 of the Company Law led to some uncertainties regarding the scope of the prohibition of financial assistance in Luxembourg as it was unclear whether such prohibition shall apply to public limited companies (sociétés anonymes) only or to private limited liability companies (sociétés à responsabilité limitée) as well.
The law dated 6 August 2021 confirms that the prohibition of financial assistance does not apply to private limited liability companies by deleting references to corporate units (parts sociales) within this Article.
Full details regarding this parliament bill can be found on our website (see our publication dated 9 April 2021 Confirmation of the exclusion of private limited liability companies from the scope of prohibition of financial assistance).
On 15 October 2021 the Dutch government published amendments to the 2022 Tax Package. Reference is made to our Tax Alert of 22 September 2021 for
Our Spain/LatAm Practice team has broad experience in assisting clients from Spain and Latin-America, in the Spanish language and with a profound knowledge of the culture and local practices.
On 21 September 2021 for the occasion of Budget Day the Dutch government presented its 2022 Tax Package. After the general elections in March 2021,