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Luxembourg introduces tax relief package for corporates and individuals

On July 17, 2024, the Luxembourg Minister of Finance submitted Bill of Law #8414 to the Luxembourg Parliament. The Bill proposes a series of tax measures aiming to make Luxembourg a more attractive place to work, do business...more

Luxembourg tax administration issues guidance on the tax treatment and reporting obligations of reverse hybrid entities

On 9 June 2023, the Luxembourg tax administration (the LTA) issued circular L.I.R. n°168quater/1 (the Circular) providing long-awaited guidance on the application of article 168quater of the Luxembourg Income Tax Law (the...more

Will Unshell be washed away? An uncertain future for ATAD 3 - the EU’s tax proposal on shell entities

The European Commission put forward a proposal in 2021 to tackle shell entities (known as ATAD 3). Despite widespread support for the concept, reaching agreement on the technical details of the Unshell Directive has proved...more

Amended CRS Law

A new requirement to inform individuals of the exact personal data to be shared with the Administration des Contributions Directes. The Luxembourg law of 18 December 2015 on the automatic exchange of financial account...more

No illegal State aid had been granted by Luxembourg to Fiat according to the Court of Justice of the European Union

On 8 November 2022, in the case Luxembourg and Fiat Chrysler Finance Europe v Commission, the Court of Justice of the European Union (the Court) annulled the judgment of the General Court as well as the decision of the...more

11/21/2022  /  Luxembourg , Tax Authority , Tax Liability

Great Fund Insights: The new Luxembourg/United-Kingdom tax treaty has finally been signed!

More than four yeas after the announcement of negotiations, the new tax treaty between Luxembourg and the United Kingdom was finally signed on 7 June 2022, together with a Protocol adding further detail. ...more

The new Luxembourg/United-Kingdom tax treaty has been signed.

More than four years after the announcement of negotiations, the new tax treaty between Luxembourg and the United Kingdom was finally signed on 7 June 2022, together with a Protocol adding further detail. As expected, the new...more

Luxembourg Part II UCIs, SIFs and RAIFs to report information to the Luxembourg direct tax administration by 31 May 2022

Part II UCIs, SIFs and RAIFs in the form of an SA, SCA or Sàrl must declare by 31 May 2022 and pay by 10 June 2022 to the Luxembourg tax authorities a 20% tax on income and gains derived from Luxembourg real estate. Part II...more

Luxembourg securitisation regime set for major boost

On 9 February 2022, the Luxembourg parliament adopted law no. 7825 (Law) amending, among others, the Luxembourg act dated 22 March 2004 on securitisation, as amended (Securitisation Act 2004) to Parliament. ...more

2/10/2022  /  CSSF , Investors , Luxembourg , Securitization

Great Fund Insights: ATAD 3, a new proposal to target the misuse of shell entities in the EU

As previously announced, in the context of its ongoing fight against tax evasion and despite the as yet unknown impact of ATAD 1 and ATAD 2 on the EU market, on 22 December 2021 the European Commission published a proposed...more

Luxembourg budget law for 2021 adopted

As announced in October, new tax measures are included in the Luxembourg budget law for 2021 which was adopted by the Luxembourg Parliament on 17 December 2020 (the Law). The Law will be published in the coming days. ...more

Law implementing EU mandatory tax disclosure rules for intermediaries (DAC6)

Whilst all our attention and energy are focused on Covid-19, other important developments continue that require your early attention. Bill n° 7465 implementing Council Directive (EU) 2018/822 of 25 May 2018 amending Directive...more

New Luxembourg tax measure towards non-cooperative jurisdictions

Whilst all our attention and energy are focused on the Covid-19 situation, other important developments continue that require attention. On 30 March 2020, the Luxembourg Government introduced a draft of law N°7547 before...more

“Old” rulings, rule no more!

Luxembourg Minister of Finance Pierre Gramegna has presented the Luxembourg government’s budget bill for year 2020 to the Luxembourg Parliament today (the Budget 2020 Bill). ...more

Luxembourg Tax Update: MLI, Exchange of Information, Tax Treaty with France and 2019 Budget Bill

The law dated 7 March 2019 approving the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (Multilateral Instrument or MLI) was published in the Luxembourg Mémorial...more

Tax treatment of virtual currencies

Following decisions of the Court of Justice of the European Union and of the French Conseil d’Etat dealing with virtual currencies (e.g., bitcoin, ethereum), the director of the Luxembourg direct tax administration clarified...more

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