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Corporate tax


The draft Budget Law for the year 2021 is released!

The draft Budget Law for the year 2021 is released!
19/10/2020

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”).

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Budget 2021: various tax measures to address the impact of the COVID-19 pandemic and support a sustainable recovery

Budget 2021: various tax measures to address the impact of the COVID-19 pandemic and support a sustainable recovery
16/10/2020

ON 14 OCTOBER 2020, THE LUXEMBOURG GOVERNMENT FILED BUDGET BILL 7666 WITH THE LUXEMBOURG PARLIAMENT

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2021 Budget – Tax measures

2021 Budget – Tax measures
15/10/2020

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

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OECD releases updated Pillar Two proposal for global minimum effective taxation

OECD releases updated Pillar Two proposal for global minimum effective taxation
14/10/2020

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.

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OECD releases updated Pillar One blueprint on new taxing right for market jurisdictions

OECD releases updated Pillar One blueprint on new taxing right for market jurisdictions
13/10/2020

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.

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Advocate General’s Opinion in “State of the Grand Duchy of Luxembourg v B” (joined cases C-245/19 and C-246/19)

Advocate General’s Opinion in “State of the Grand Duchy of Luxembourg v B” (joined cases C-245/19 and C-246/19)
12/10/2020

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.

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Exchange of information in tax matters upon request: relevant CJEU decision

Exchange of information in tax matters upon request: relevant CJEU decision
09/10/2020

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.

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EU list of non-cooperative jurisdictions for tax purposes: Anguilla and Barbados added, Cayman Islands and Oman removed

EU list of non-cooperative jurisdictions for tax purposes: Anguilla and Barbados added, Cayman Islands and Oman removed
08/10/2020

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”).

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On ne badine pas avec le registre des bénéficiaires effectifs…

On ne badine pas avec le registre des bénéficiaires effectifs…
23/09/2020

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.
 

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New mandatory automatic exchange of information rules for Digital Platforms “DAC7”

New mandatory automatic exchange of information rules for Digital Platforms “DAC7”
24/07/2020

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.

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