On 18 December 2018, the Luxembourg Parliament passed draft law No 7318 (the Law) implementing the EU Anti-Tax Avoidance Directive (ATAD), which sets out limitation to interest deductibility, the provisions on controlled foreign companies ( CFC) and hybrid mismatches (i.e. hybrid instruments or entities allowing for double non-taxation) rules between EU Member States.
The law was introduced in the Parliament on 20 June 2018 and expected to be published before the end of December.
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