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Article 50 bis of the Income Tax Code, which came into force on 1 January 2008, makes Luxembourg one of the most attractive jurisdictions worldwide for holding certain types of Intellectual Property. The new law introduces an 80% tax exemption on the net income derived by a Luxembourg taxpayer from a software copyright, patent, trademark or service mark, design or model. According to the Parliamentary Commission’s report, Internet domain names are also eligible. The concept of “net income” is defined in the legislation as the gross royalties received, minus the expenses directly linked to this...

On 21 December 1998, a law was passed amending the Law of 13 December 1988 setting up a special interim tax scheme for audiovisual investment certificates and the Law of 11 April 1990 on the creation of a national fund for the support of audiovisual production (see IRIS 1999-2: 10). This law was amended by a new law of 8 June 2007 and the territoriality requirement was extended. In order to be covered by the regulations concerning audiovisual investment certificates, it was previously necessary for works to have been mainly produced in Luxembourg. Under the new law, the shooting of the film must...

At the beginning of 2007, the Republic of Austria and the Grand Duchy of Luxembourg reached agreement on co-operation in the audiovisual sector. The agreement entered into force in early September 2007. The aim of film co-production is to support the film industry and promote economic and cultural exchanges between the two states. Films co-produced under this agreement are to enjoy the privileges that apply in both countries to domestically made films. The preconditions for the recognising co-productions as such include the requirement for the producer’s registered office to be in a contracting...

The European Commission has welcomed a regulatory measure of the Institut Luxembourgeois de Régulation (telecom regulator) , giving new market entrants high-speed access to end-customers via the broadband networks of Luxembourg’s telecom incumbent, Entreprise des Postes et Télécommunications (EPT). The measures concerned were notified to the Commission on 29 September 2006 in accordance with EU telecom rules. EPT is required to allow new entrants to purchase a high-speed access link to the customer premises via its broadband infrastructures. The Commission particularly welcomed the fact that such...

The European Commission against Racism and Intolerance (ECRI) recently made public five new reports as part of the third cycle of its monitoring process of the laws, policies and practices to combat racism in the Member States of the Council of Europe (for commentary on earlier reports, see IRIS 2005-7: 3). Four of the country reports (Cyprus, Italy, Luxembourg and the Russian Federation) contain specific recommendations concerning the media. A recurrent, two-fold recommendation entails the ECRI encouraging the State authorities to: - “impress on the media, without encroaching on their editorial...