A443 : Règlement grand-ducal du 21 juillet 2023 portant abrogation : 1° du règlement grand-ducal du 14 avril 2003 déterminant les conditions et critères pour l’application de la taxe d’abonnement visée à l’article 129 de la loi du 20 décembre 2002 concernant les organismes de placement collectif ; 2° du règlement grand-ducal du 27 février 2007 déterminant les conditions et critères pour l’exonération de la taxe d’abonnement visée à l’article 68 de la loi du 13 février 2007 relative aux fonds d’investissement spécialisés.

Grand-Ducal Regulation of 21 July 2023 has been issued, leading to the repeal of two existing rules, both related to the tax d’abonnement, which is a tax on subscription or initial capital contributions for certain financial activities.
Firstly, Grand-Ducal Regulation of 14 April 2003 is being repealed. This particular regulation had previously determined the conditions and criteria for applying the tax d’abonnement. It pertained to Article 129 of the law concerning organisms of collective investment, which refers to entities that pool funds from multiple investors to invest in various financial instruments.
Secondly, the Grand-Ducal Regulation of 27 février 2007 is also being abrogated. This regulation had established the conditions and criteria for the exemption from the tax d’abonnement. It was linked to Article 68 of the law concerning specialized investment funds, which are investment vehicles designed for specific asset classes or investment strategies.
The abrogation of these rules is in accordance with the modified Law 13 February 2007 regarding specialized investment funds (SIF Law) and the modified Law of 17 December 2010 concerning collective investment organisms. It reflects a significant change in how the tax d’abonnement will be applied and exempted for relevant financial entities.
The present Grand-Ducal Regulation of 21 July 2023 will officially enter into force on 28 July 2023.