On 14 October 2020, Luxembourg's Minister of Finance, Pierre Gramegna, tabled before the Parliament the draft budget law for the year 2021 (the “Draft Budget Law”).
ON 14 OCTOBER 2020, THE LUXEMBOURG GOVERNMENT FILED BUDGET BILL 7666 WITH THE LUXEMBOURG PARLIAMENT
On 14 October 2020, the 2021 budget draft law was presented to Parliament. The Government decided that the time was not right to increase taxes and/or perform a big tax reform and decided to postpone the introduction of some expected tax measures
On 12 October 2020, the OECD released for public consultation updated reports on its two-pillar proposal to address the tax challenges of the digitalisation of the economy.
On 12 October 2020, the OECD released for public consultation updated reports on its two-pillar proposal to address the tax challenges of the digitalisation of the economy.
In October 2016, the Spanish tax authorities sent an initial request for information to the Luxembourg tax authorities concerning an artist residing in Spain (“Taxpayer”) based on the Luxembourg-Spain double tax treaty1 and the Directive on administrative cooperation in the field of taxation2.
On 6 October 2020, the Court of Justice of the European Union (CJEU) rendered its judgement in Joined Cases C-245/19 Luxembourg State v B and C-246/19 Luxembourg State v B and Others in the context of the exchange of information in tax matters.
In a press release issued on 6 October 2020, the Council of the EU announced its decision to make changes to the EU list of non-cooperative jurisdictions for tax purposes (the “EU blacklist”).
Le Tribunal d’arrondissement de Diekirch, siégeant en matière correctionnelle, a rendu le jeudi 16 juillet 2020 un jugement à l’encontre d’une société anonyme de droit luxembourgeois et a condamné cette dernière à une amende de 2.500 euros du chef d’infraction à l’article 20 (1) de la loi du 13 janvier 2019 instituant un Registre des bénéficiaires effectifs.
On 15 July 2020, the EU Commission published a directive proposal (the “DAC7 Proposal”), amending, for the 6th time, Directive 2011/16/EU on administrative cooperation (the “DAC”) in the field of taxation.
