Russia and Luxembourghave amended their double tax treaty dated on the 28^th of June 1993 with the signature of a new protocol signed on the 21^st of November 2011

In accordance with the requirements of the European Directive 2008/52/EC of the European Parliament and Council of the 21^st of May 2008

The law of the 18^th of February 2012 (the “Law”) modifying the regime applicable to SPFs, as defined by

On the 12^th of August 2011 a government bill (Projet de loi n° 6318) was put forward in Parliament, the purpose of which is to modify the Law of the 13^th of February 2007 relating to Specialised Investment Funds (hereinafter “SIF Law”)

Many EU member states apply zero or reduced VAT rates to paper publications. On the contrary, they charge the standard rate of VAT on e-books, subscription news websites or other electronic media which may be seen as “close substitutes” to such printed material,