Luxembourg updates DAC7 tax reporting rules
Luxembourg’s Tax Administration for Direct Taxes (Administration des Contributions Directes - ACD) issued a newsletter on registering and declaring reporting obligations resulting from the Amending Directive to the 2011 Directive on Administrative
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Luxembourg details certificate requirements for investment tax credit
Luxembourg’s Minister of Finance has introduced a new decree specifying the data required on certificates for claiming the investment tax credit under Article 152bis of the Income Tax Act. The decree was published in Official Gazette No. A380
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Montenegro ratifies tax treaty with Luxembourg
Montenegro published the law ratifying its pending income tax treaty with Luxembourg in the Official Gazette on 5 August, 2024. Earlier, the Parliament of Montenegro announced the passage of the law to ratify the income and capital tax treaty
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Montenegro ratifies tax treaty with Luxembourg
The Parliament of Montenegro announced the passage of the law to ratify the income and capital tax treaty with Luxembourg on 31 July 2024. This treaty, signed on 29 January 2024, marks the first formal tax agreement between the two nations. This
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Luxembourg adopts draft grand-ducal regulation on tax credits and minimum taxation
Luxembourg's Council of Ministers took a step by adopting a draft Grand-Ducal regulation concerning tax credits and qualified holdings under the Minimum Taxation Law (MTL) On 24 July 2024, which implements the EU's Minimum Taxation Directive
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Luxembourg proposes corporate tax cuts, incentives to boost economy
Luxembourg's Finance Minister Gilles Roth presented a Bill n° 8414 to the parliament on 17 July 2024, aiming to reduce corporate income tax (CIT) rate and implement various tax relief measures. The proposed changes are designed to enhance the
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Luxembourg, Rwanda tax treaty takes effect
Luxembourg's Official Gazette has issued a notice confirming the income and capital tax treaty with Rwanda. It signed their first ever income and capital tax treaty, which entered into force on 14 February 2024. The treaty was signed on 29 September
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Luxembourg introduces draft law to change VAT for small enterprises
The Luxembourg Chamber of Deputies is reviewing Bill 8406, proposing amendments to the law of 12 February 1979 on value added tax (VAT), aligning with Council Directive (EU) 2020/285 of 18 February 2020, Council Directive (EU) 2022/542, and the
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Tax treaty between Luxembourg, Rwanda enters into force
The income and capital tax treaty between Luxembourg and Rwanda has entered into force starting 14 February 2024, it was published in Journal Officiel du Grand-Duché de Luxembourg (No. A277) on 4 July 2024. The agreement states that dividends,
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Luxembourg ratifies Partnership and Cooperation Agreement with EU, Malaysia
Luxembourg has ratified the Partnership and Cooperation Agreement (PCA) between the European Union and Malaysia on 5 June, 2024. The agreement was signed on 14 December, 2022, at Brussels, and published in the Journal Officiel du Grand-Duché de
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Luxembourg: Prime Minister Frieden proposes corporate tax cut
Luxembourg Prime Minister Luc Frieden unveiled his government's strategic fiscal roadmap in the annual State of the Nation Address on 11 June, 2024. Among the key proposals, he outlined a reduction in the corporate tax rate, slated to decrease from
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Luxembourg approves amendments to Pillar Two tax rules
On 5 June, 2024, the Luxembourg Government Council approved a draft law to amend the Law of 22 December 2023. It introduces the Pillar Two income inclusion rule (IIR) and the undertaxed payment/profit rule (UTPR) in alignment with the Council
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Malaysia publishes synthesised text of tax treaty with Luxembourg under BEPS MLIÂ
The Inland Revenue Board of Malaysia (IRBM) has released the synthesised text of the tax treaty with Luxembourg, providing clarifications regarding the impact of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base
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Luxembourg ratifies first income and capital tax treaty with Cape Verde
Luxembourg has announced the publication of the “Law of 22 May 2024” in the Official Gazette, ratifying the pending income and capital tax treaty with Cape Verde. Signed on 13 January, 2022, this treaty is the first between the two
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Luxembourg publishes global minimum tax pillar 2 FAQs
On 25 March 2024, the Luxembourg Administration of Direct Tax (ACD) released Frequently Asked Questions (FAQs) on the Global Minimum Tax - Pillar 2. The FAQs are related to the enforcement of the Law of 22 December 2023 relating to effective minimum
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Luxembourg implements tax measures to revive construction and housing sectorÂ
On 31 January 2024, the Luxembourg government announced a series of tax measures to revive the construction and housing sector and facilitate access to housing while addressing the cyclical and structural housing problems. The measures also provide
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Luxembourg: Deadline extended for DAC7Â declarations
On 19 January 2024, the Luxembourg Administration of Direct Tax (Administration des Contributions Directes - ACD) in a newsletter declared the launch of the pre-validation environment and the submission procedure for DAC7 declarations via MyGuichet.
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Luxembourg publishes municipal rate multipliers for 2024Â
On 9 January 2024, the Luxembourg Administration of Direct Tax (Administration des Contributions Directes) released a newsletter regarding the municipal rate multipliers (coefficients) for the 2024 tax year. These coefficients were initially
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