Luxembourg 2025 PSF Regulatory and Tax Guide
Professionals of the Financial Sector (PSF) in Luxembourg
Our 2025 guide At the heart of regulatory and tax environments: Professionals of the Financial Sector (PSF) in Luxembourg provides PSF professionals with crucial insights and the latest updates on Luxembourg's changing regulatory and tax environment.
Key regulatory developments
- On 28 July 2023, the draft Bill of Law no. 8286 was released, aiming to modernize the current Luxembourg Accounting Law of 19 December 2002. It proposes regrouping accounting provisions from different texts into one law, revising certain definitions, introducing new accounting and audit requirements, and extending the scope of undertakings covered by this new law.
- On 6 February 2024, the CSSF published Circular CSSF 24/853 updating the framework for the long form report specific to investment firms.
- On 18 July 2024, the Luxembourg Official Journal published the Law of 15 July 2024 on non-performing loans (NPL), which transposes the NPL Directive into Luxembourg law. This new NPL regime introduced a new PSF category, the credit servicer, and significantly amended the LFS.
Apart from regulatory updates, our brochure helps you understand and navigate regulatory challenges, including:
- The Digital Operational Resilience Act (DORA) challenges for PSF, so you can better understand its impact on your operations;
- The ESG challenges for PSF and their clients, from the sustainability-related disclosure in the financial services sector (SFDR) to the Corporate Sustainability Reporting Directive (CSRD) reporting, ensuring you're well-prepared for compliance; and
- A dedicated section on growing interest in crypto and digital assets, outlining key considerations for your PSF.
Key tax developments
Our brochure also provides a detailed guide on direct and indirect tax challenges for PSF, covering key tax topics that affect you and your clients, such as Pillar II and ATAD 3.
Individual fast-reference sheets
We include individual quick-reference sheets for each PSF, highlighting the key characteristics and providing detailed profile analysis of PSFs to keep you informed.
We hope this guide offers valuable insight into PSF regulations and helps you stay ahead of the curve.
This booklet has been prepared by our leading audit, tax, and regulatory compliance team.
