REMOTE MEETINGS : 

All ILA members are kindly reminded that the legal derogations adopted during the COVID period, allowing companies (a) to hold general meetings without physical presence and (b) to take decisions of the management bodies by means of remote board meetings or circular resolutions, notwithstanding any contrary provision in their articles of incorporation, ended on 31 December 2022. Therefore, companies must, as from that date, comply with their standard provisions in this respect. 

TEMPORARY REDUCED VAT RATES: 

The attention of all ILA members is drawn to the implementation of reduced VAT rates for the whole year 2023. As a result, the applicable VAT rate, including on directors' fees, is 16% instead of 17%, as from 1 January 2023.