March 28, 2018

The General Data Protection Regulation (GDPR) comes into force on 25 May 2018. Below we list some useful facts about its most important terms, how it might affect you and how to start preparing.

1.  Analyse what personal data you use

Consider what data processing you undertake?

Do you rely on data subject consent or can you show that you have a legitimate interest in processing that data? 

2. Prepare for data security breaches 

Put in place clear policies and procedures to enable you to react quickly to any data breach and notify in time where required. 

3. Establish a framework for accountability 

  • Do you need a data protection officer? Do you need to car...

On the 8th May 2018, the finance ministers of Luxembourg and Cyprus signed the Double Taxation Avoidance Agreement between the two countries. The new Agreement is expected to come into force as from 01/01/2018 with the aim to strengthen and expand the commercial ties between the two Member States. 

The Agreement echoes all the required international standards as provided by the Base Erosion and Profit Shifting (“BEP”) recommendations in respect of the exchange of information, providing thus greater level of legal certainty and predictability.

The Agreement provides, inter alia, for the following:

  • Dividends: 0% withholding tax if there is at least 10%...

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