On 17 July 2024, the Luxembourg government introduced, under new Bill n° 8414, a comprehensive legislative package meant to modernise and enhance Luxembourg’s tax system. ...more
On 4 August 2023, Luxembourg published a bill of law (the “Bill”) to transpose the EU directive no. 2022/2523 largely known as the “EU Minimum Tax Directive” or “Pillar Two Directive”, ensuring a minimum global Effective Tax...more
On 12 October 2022, the finance minister presented the Luxembourg budget bill for fiscal year 2023.
For corporate tax payers, and particularly for funds, there is a most welcomed clarification on the scope of the...more
On March 31, 2022, the Luxembourg Administrative Court of Appeal ruled that, in order to determine the minimum acquisition value of a participation for the purposes of the Luxembourg parent-subsidiary exemption, the...more
On 4 and 5 June 2021, the Finance Ministers and Central Bank Governors of the G7, joined by the Heads of the International Monetary Fund, World Bank Group, Organisation for Economic Cooperation and Development, and Eurogroup,...more
6/10/2021
/ Corporate Taxes ,
Digital Services Tax ,
G7 ,
International Tax Issues ,
Investment Funds ,
Luxembourg ,
Multinationals ,
New Rules ,
Tax Haven ,
Tax Liability ,
Tax Rates ,
Tax Reform
Luxembourg has introduced new legislation disallowing the deduction of interest and royalties owed by Luxembourg corporate taxpayers to associated enterprises established in a jurisdiction included in Annex I of the European...more
On 8 January 2021, the Luxembourg Tax Authorities published a Circular clarifying the interest limitation rules introduced in Luxembourg legislation in 2018, which implemented the European Union Anti-Tax Avoidance Directive...more
4/9/2021
/ Anti Tax Avoidance Directive (ATAD) ,
Borrowers ,
Corporate Taxes ,
Debt ,
EBITDA ,
Income Taxes ,
Interest Rates ,
Luxembourg ,
New Guidance ,
Tax Authority ,
Tax Deductions
On 1 December, 2020, the Luxembourg tax authorities issued circular L.I.R 147/2, 166/2 and eval. n°63 on the application of EU Directive 2011/96 on the common system of taxation applicable in the case of parent companies and...more
1/18/2021
/ Corporate Taxes ,
Double Taxation ,
EU ,
Gibraltar ,
International Tax Issues ,
Luxembourg ,
Member State ,
Parent Corporation ,
Subsidiaries ,
Tax Authority ,
Tax Exemptions
On 8 January, 2021, the Luxembourg tax authorities published Circular L.I.R. 168bis/1 on interest limitation rules (the “Circular”).
The Circular provides much needed clarity to the interest limitation rules which have...more
The much-awaited Luxembourg state budget for FY 2021 has finally been tabled before the Chamber of Deputies. Delayed due to the ongoing COVID-19 pandemic, the Luxembourg government published bill number 7666 on 14 October...more
The global impact of the novel coronavirus (COVID-19) is leading to unprecedented changes in working practices. In particular, travel restrictions and, in many cases, border closures are already causing, and will continue to...more