Luxembourg: Parliament approves the Budget for 2018
On 14 December 2017, the Luxembourg Parliament approved the budget for 2018 and officially published it on 21 December 2017, with the tax measures applicable from 1 January 2018. The corporate tax rate will fall from 19 percent to 18 percent. As a
See MoreLuxembourg: Government approves income tax treaty with Cyprus
On 1 December 2017, the Luxembourg Cabinet approved the income tax agreement with Cyprus for ratification. The agreement was signed on May 8, 2017. It will enter into force once both parties have completed their internal ratification procedures, and
See MoreLuxembourg: Minister of Finance presents the budget law for 2018 to Parliament
On 11 October 2017, Finance Minister presented the draft 2018 Budget Law to the Luxembourg Parliament. The proposed bill on the budget provides for only a few changes for legal entities. On the proposal of the budget, starting January 1, 2018, the
See MoreLuxembourg and Uzbekistan sign a protocol to amend the DTA
On 18 September 2017, the amending protocol of Double Taxation Agreement (DTA) between Luxembourg and Uzbekistan was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The protocol would
See MoreLuxembourg: Tax authority publishes circular on mutual agreement procedure
To set out the procedures for the implementation of the mutual agreement procedure (MAP), on 28 August 2017, the Director of Taxes published Circular L.G. Conv. D.I. No. 60. The MAP intends to eliminate legal and economic double taxation. The MAP
See MoreLuxembourg: Government announces new intellectual property tax regime
Luxembourg has announced a new regime that offers a special tax incentive for certain income from intellectual property rights. On 7 August 2017, a bill of law proposing the introduction of a new Luxembourg intellectual property (IP) tax regime was
See MoreLuxembourg signs the Multilateral Convention
On 7 June 2017 the Luxembourg Finance Minister Pierre Gramegna signed, on behalf of Luxembourg, the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, which aims to close loopholes in
See MoreCyprus: Double tax agreement with Luxembourg
The governments of Cyprus and Luxembourg have signed a convention for the elimination of double taxation with respect to taxes on income and on capital and the prevention of tax evasion and avoidance. The agreement was signed on 8 May 2017 in
See MoreUkraine: President sign the law to ratify income tax treaty with Luxembourg
The Ukrainian President signed a law to ratify the income tax treaty with Luxembourg on 3 April 2017. The Convention between two states was signed as long ago as on 6 September 1997, but has not been ratified until now. On 30 September 2016, parties
See MoreSingapore, Luxembourg Competent authority agreement on automatic exchange of information signed
The Competent Authority Agreement on Automatic Exchange of Information (2016) between Singapore and Luxembourg was signed on 10 March 2017. The agreement provides details of what types information will be exchanged and when, in accordance with OECD
See MoreDTA between Luxembourg and Uruguay enters into force
The Double Taxation Agreement (DTA) between Luxembourg and Uruguay entered into force on 11 January 2017. The agreement applies from 1 January 2018. From this date, the new treaty generally replaces the Uruguay-Luxembourg Income and Capital Tax
See MoreDTA between Luxembourg and Brunei expected to be entered into force
The Double Taxation Agreement (DTA) between Luxembourg and Brunei is expected to be entered into force on 26 January 2017. The treaty was signed on 14 July 2015. The agreement will be applicable from 1 January 2018 for both countries. According to
See MoreLuxembourg: Tax authorities issued transfer pricing circular
The Luxembourg tax authorities issued a new circular addressing the tax treatment of companies engaged in intra-group financing transactions. On 27 December 2016, Circular L.I.R. n°56/1 – 56bis/1 is released which replaces and supersedes the
See MoreLuxembourg: Parliament ratified amending exchange of notes to treaty with Austria
According to a journal published on 27 December 2016, Luxembourg ratified the amending exchange of notes, signed on 25 March 2015, to the Austria - Luxembourg Income and Capital Tax Treaty (1962), as amended by the 1992 and 2009 protocols on 23
See MoreLuxembourg: Parliament ratified DTA with Brunei
According to a journal published on 27 December 2016, Luxembourg ratified the Luxembourg-Brunei Income and Capital Tax Treaty (2015) on 23 December
See MoreLuxembourg: Parliament ratified DTA with Hungary
According to a journal published on 27 December 2016, Luxembourg ratified the Luxembourg-Hungary Income and Capital Tax Treaty (2015) on 23 December 2016. Once in force and effective, the new treaty will replace the Hungary-Luxembourg Income and
See MoreLuxembourg: Parliament ratified DTA with Senegal
According to a journal published on 27 December 2016, Luxembourg ratified the Luxembourg-Senegal Income and Capital Tax Treaty (2016) on 23 December 2016. The treaty was signed on 10 February 2016. The treaty was concluded in the French language.
See MoreLuxembourg: Parliament ratified amending protocol to treaty with Ukraine
Luxembourg ratified the Luxembourg–Ukraine amending protocol to income and capital tax treaty (1997) on 23 December 2016. The protocol was signed on 30 September
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