Luxembourg enacts law reducing CIT rate
Luxembourg has enacted the bill on the Corporate Income Tax (CIT) rate reduction on 20 December 2024. The law was published in Official Gazette No. A 589 on 24 December 2024. Earlier, the Parliament passed legislation that introduced
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Luxembourg ratifies tax treaties with Albania, Montenegro
Luxembourg ratified both the Luxembourg-Montenegro Income and Capital Tax Treaty (2024) and the Albania-Luxembourg Income and Capital Tax Treaty (2009) along with its amending protocol on 18 December 2024. Earlier, Luxembourg’s Chamber of
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Luxembourg: Parliament approves 2025 budget law
Luxembourg’s Parliament approved the 2025 budget law on 19 December 2024. It introduces a 50% reduction in the taxable base for registration and transcription duties on real estate acquisitions, in addition to the existing EUR 40,000
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Oman ratifies tax treaty with Luxembourg
The Sultan of Oman issued a royal decree 64/2024 ratifying the income and capital tax treaty with Luxembourg on 18 December 2024. Earlier, Luxembourg and Oman have signed an income tax treaty on 17 October 2024. HE Sheikh Dr Abdullah bin Salem
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Luxembourg: Government Council approves ratification of tax treaty with Colombia
Luxembourg's Government Council has approved the ratification of the income and capital tax treaty with Colombia on 13 December 2024. The agreement was signed on 19 January 2024. It seeks to eliminate double taxation with respect to taxes on
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Luxembourg: Chamber of Deputies approve tax relief package
Luxembourg's Ministry of Finance has announced that the Chamber of Deputies approved Bill No. 8414, also known as the "Entlaaschtungs-Pak." Tax Relief Package on 11 December 2024. Finance Minister Gilles Roth welcomed the vote, stating: "We
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Luxembourg proposes amendments to bilateral and multilateral advance ruling practice in transfer pricing cases, tax collection, appeal procedure
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
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Luxembourg: Parliament adopts law amending Corporate Income Tax Law, New Wealth Tax Law
The Luxembourg Parliament passed legislation that introduced amendments to the Corporate Income Tax (CIT) Law and the Net Wealth Tax (NWT) Law, among other changes on 11 December 2024. Reduction in corporate income tax rate The new legislation
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Luxembourg: Council of State approves amending protocol to tax treaty with Moldova
Luxembourg's Council of State authorised the ratification of the protocol to the 2007 tax treaty on income and capital with Moldova on 10 December 2024. Signed on 25 June 2024, the amending protocol will come into force once the ratification
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Moldova ratifies amending protocol to tax treaty with Luxembourg
Moldova issued Decree No. 1653 on 20 November 2024, which was published in the Official Gazette on 26 November 2024, enacting the law to ratify the amending protocol to the 2007 income and capital tax treaty with Luxembourg. Earlier, the protocol
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Luxembourg: Chamber of Deputies approve income and capital tax treaty with Montenegro
Luxembourg's Chamber of Deputies approved the draft law to ratify the income and capital tax treaty with Montenegro on 21 November 2024. Earlier, Luxembourg’s Council of State approved the draft law for the ratification of the income and
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Luxembourg: Chamber of Deputies approves income and capital tax treaty with Albania
Luxembourg's Chamber of Deputies has given its approval for the ratification of the income and capital tax treaty with Albania on 21 November 2024. Earlier, Luxembourg’s Council of State approved a draft law to ratify the income and capital tax
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Moldova: Parliament approves amending protocol to tax treaty with Luxembourg
The Moldovan parliament approved a draft law to ratify the amending protocol to the Luxembourg-Moldova Income and Capital Tax Treaty (2007) on 15 November 2024. Earlier, Moldovan government approved the amending protocol on 2 October 2024. The
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Luxembourg updates CbC reporting guidance
The Luxembourg Administration of Direct Tax has updated its Country-by-Country (CbC) reporting guidance page, including an updated CbC reporting FAQ, to reflect the latest OECD recommendations. The update addresses whether profits (losses) before
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Luxembourg revises draft law to amend Pillar Two global minimum taxation
The Luxembourg government published a revised draft law on 31 October 2024 amending the Global Minimum Taxation Law, commonly referred to as the Pillar Two law. This revised draft introduces additional amendments to the initial draft published on
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Argentina, Luxembourg sign protocol for pending tax treaty
Argentina and Luxembourg signed an amending protocol to the 2019 income and capital tax treaty on 25 October 2024. The tax treaty aims to eliminate double taxation on income and capital taxes while preventing tax evasion and fraud between
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Luxembourg introduces updated online filing procedures for fund subscription tax returns
The Luxembourg Registration Duties, Estates and VAT Authority launched new online procedures N° 821 for submitting subscription tax returns for Undertakings for Collective Investment (UCI), Specialised Investment Funds (SIF), and Reserved
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Luxembourg, Oman sign first income tax treaty
Luxembourg and Oman have signed an income tax treaty on 17 October 2024. HE Sheikh Dr Abdullah bin Salem al Harthy, Oman's Ambassador to Luxembourg, signed the agreement on behalf of Oman, and HE Gilles Worth, Luxembourg's Minister of Finance,
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