The Luxembourg government has adopted a draft law to a bill on changes to the bilateral and multilateral advance ruling practice in transfer pricing cases, tax collection and the appeal procedure on 11 December 2024.
Key changes include updates to the General Tax Act (1931) and laws governing the collection of direct contributions, excise duties, and social insurance contributions; adjustments to the 2008 Law on inter-administrative and judicial cooperation to strengthen the resources of tax, registration, and customs administrations; amendments to related laws on value-added tax (VAT) and the organisation of tax and registration authorities.
The subsequent phase for the bill in the legislative procedure is the promulgation by the Grand Duke.
