Luxembourg: Parliament adopts Law on tax return deadline extension for 2019 and 2020

13 February, 2021

On 9 February 2021, the Luxembourg Parliament has adopted a draft law which was announced in December 2021 regarding the tax return filing deadline extension for 2019 and 2020 due to the COVID-19 pandemic. The deadlines are set for individual

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Luxembourg Parliament approves Bill on the deduction of interest and royalties expenses

06 February, 2021

On 28 January 2021, the Luxembourg Parliament has approved Bill No. 7547 introducing a non-deductibility of interest or royalties paid to associate enterprises established in countries that are “blacklisted” as being “non-cooperative” for

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Luxembourg updates the list of jurisdictions for exchanging CbC reports

04 February, 2021

On 26 January 2021, the Luxembourg Ministry of Finance published Grand-Ducal Regulation of 22 January 2021  in the Official Gazette amending Grand-Ducal Regulation of 13 February 2018. The Regulation updates the list of jurisdictions for

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Luxembourg: Tax Authorities issues guidance on interest deduction limitation

15 January, 2021

On 8 January 2021, the Luxembourg Tax Authorities has published Circular L.I.R. n° 168bis/1 (French), which clarifies certain aspects of the interest expense deduction limitation rules included in article 168bis of the Luxembourg Income Tax

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Luxembourg intends to extend the tax return filing deadline for 2019 and 2020

06 January, 2021

On 21 December 2020, Luxembourg's Ministry of Finance has issued a press release regarding the extension of filing deadlines for tax returns due to the ongoing COVID-19 pandemic. The deadline for filing individual and corporate income tax (CIT)

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Luxembourg: Finance Minister presents draft budget law for 2021

23 October, 2020

On 14 October 2020, Luxembourg’s Finance Minister has presented the draft budget law 2020 to the Parliament. There are no measures regarding major tax reform or an increase in the tax rate in the draft budget law. The draft budget laws contain a

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Luxembourg: Tax Administration issues update guidance on DAC6 reporting

20 October, 2020

On 14 October 2020, the Luxembourg Tax Administration has issued updated guidelines concerning the mandatory disclosure and exchange of cross-border tax arrangements (DAC6) as per Council Directive (EU) 2018/822 of 25 May 2018. DAC6 is effective

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DAC6 Updates: Optional deferral of DAC6 reporting deadlines

30 July, 2020

On 24 June 2020, the European Council reached agreement on an optional 6-month postponement to the reporting deadlines for relevant taxpayers under EU Directive 2018/822 (DAC6), and a delay to the exchange of information under

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Luxembourg: Parliament approves Bill on deferral of DAC 6

28 July, 2020

On 22 July 2020, the Luxembourg Parliament approved Bill No. 7625 for filing and exchanging information on reportable cross-border arrangements under Directive 2018/822/EU (DAC 6) amid COVID-19 pandemic. The Bill includes the following information

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Luxembourg submits Bill to the Parliament on deferral of DAC 6

10 July, 2020

On 6 July 2020, The Luxembourg Ministry of Finance has submitted Bill No. 7625 to the Parliament extending the reporting deadline of EU directive on reporting requirements for certain cross-border transactions (DAC6) amid COVID-19 pandemic. The

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Luxembourg: MOF extends deadlines for DAC6 reporting amid COVID-19

10 June, 2020

On 4 June 2020, the Luxembourg Ministry of Finance (MOF) has published a statement extending the reporting deadline of EU directive on reporting requirements for certain cross-border transactions (DAC6) amid COVID-19 pandemic. On 3 June 2020, EU

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Luxembourg: Tax Administration issues guidance on DAC6

19 May, 2020

On 14 May 2020, the Luxembourg Tax Administration has issued guidelines concerning the mandatory disclosure and exchange of cross-border tax arrangements (DAC6) as per Council Directive (EU) 2018/822 of 25 May 2018. The guidelines describe Object,

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OECD: Seven peer review reports on BEPS Action 14 published

13 April, 2020

On 9 April 2020 the OECD published a further batch of reports in relation to stage 2 of the peer reviews of the implementation of Action 14 of the action plan on base erosion and profit shifting (BEPS). The minimum standard under BEPS action 14

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Luxembourg issues Draft Law on the deduction of interest and royalties expenses

08 April, 2020

On 30 March 2020, the Luxembourg government has presented a Draft Law N°7547 to the Parliament introducing a non-deductibility of interest or royalties paid to associate enterprises established in countries that are “blacklisted” as being

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Luxembourg: Parliament approved draft law implementing DAC6

25 March, 2020

On 21 March 2020, the Luxembourg Parliament approved draft law 7465 implementing the Council Directive (EU) 2018/822 (commonly known as DAC6) which introduces disclosure obligations for intermediaries and taxpayers of certain reportable

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Luxembourg: Tax measures in response to COVID-19 pandemic

24 March, 2020

On 17 March 2020, Luxembourg Government published a press release regarding tax measures to support businesses and the self-employed in the face of the COVID-19 pandemic. These key measures include: Direct taxes As long as they are

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Luxembourg: Tax Authority issues new guidance on CFC rules

18 March, 2020

On 4 March 2020, the Luxembourg Tax Authority has issued Circular n°164ter/1 on the controlled foreign corporation (CFC) rules. Luxembourg enacted CFC rules as part of the implementation of the EU Anti-Tax Avoidance Directive (ATAD) on 21 December

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Luxembourg amends draft law implementing DAC6

18 February, 2020

On 14 February 2020, Luxembourg published a revised version of the draft law 7465 amending the original provisions on the professional privilege exemption. Luxembourg Government submitted the draft law on 8 August 2019 which has not been passed

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