On 19 December 2019, Luxembourg Parliament approved 2020 budget law which was presented by Luxembourg’s Finance Minister on 14 October 2019.
According to the budget law, the advance tax rulings issued by the Luxembourg tax authorities before 1 January 2015 will be expire after the end of the 2019 fiscal year. However, taxpayers may request a renewal of their ruling under the procedure applicable since 2015. Companies with tax year 31 December 2019, the request may be submitted in 2020 and companies with a diverging financial year, the request have to be submitted prior to the end of their 2020 tax year.
