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Individual tax


EU list of non-cooperative tax jurisdictions updated: Implications for Luxembourg taxpayers

EU list of non-cooperative tax jurisdictions updated: Implications for Luxembourg taxpayers
22/02/2021

Today, the EU Council updated the EU list of non-cooperative tax jurisdictions. The update is an important step as it directly impacts the scope of application of three different Luxembourg tax measures

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Bill of law passed approving the Protocol to the Luxembourg-Russia Tax Treaty

Bill of law passed approving the Protocol to the Luxembourg-Russia Tax Treaty
11/02/2021

At the request of the Russian authorities, Luxembourg and the Russian Federation agreed to amend the Treaty, signing the Protocol on 6 November 2020. 

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New law on payments to EU ‘black-list’ countries

New law on payments to EU ‘black-list’ countries
01/02/2021

On 28 January 2021, the Luxembourg Parliament approved bill of law n°7547 implementing measures concerning the non-tax-deductibility of interest and royalty payments made to entities located in non-cooperative jurisdictions.

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Luxembourg tax authorities issue a circular on interest deduction limitation

Luxembourg tax authorities issue a circular on interest deduction limitation
19/01/2021

On 8 January 2021, the Luxembourg tax authorities (LTA) issued highly anticipated guidance with respect to the application of article 168 bis of Luxembourg income tax law (LITL), which was introduced in 2018 through the implementation in Luxembourg law of the EU Directive 2016/1164 Anti-Tax Avoidance Directive 

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Circular 168 bis/1 of the Luxembourg tax authorities on the interest deduction limitation rule

Circular 168 bis/1 of the Luxembourg tax authorities on the interest deduction limitation rule
15/01/2021

On 8 January 2021, the Luxembourg direct tax authorities issued the Circular n°168bis/1 which clarifies the provisions of article 168 bis of the Luxembourg income tax law on the Luxembourg interest deduction limitation rule.

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Luxembourg tax authorities issue circular on interest deduction limitation rules

Luxembourg tax authorities issue circular on interest deduction limitation rules
14/01/2021

On 8 January 2021, the Luxembourg tax authorities issued a new Circular n° 168bis/1 (the “Circular”) in order to provide guidance on the interpretation of the interest deduction limitation rules (“IDLR”) laid down in Article 168bis of the Luxembourg income tax law (“LITL”).

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Luxembourg 2021 Budget Law: Overview of the key changes

Luxembourg 2021 Budget Law: Overview of the key changes
28/12/2020

On 14 October 2020, the Luxembourg government submitted to the Parliament the budget bill for fiscal year 2021. It was approved by the Parliament on 17 December 2020 and published in the Official Journal on 23 December 2020 (the Law).

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Mr. Bruno Gasparotto

Luxembourg 2021 budget law passed, new tax measures introduced
17/12/2020

On 15 December 2020, the Luxembourg Parliament approved the 2021 budget bill.

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Mr. David Maria

The Luxembourg Double Tax Treaties Network
03/12/2020

List of double tax treaties in force and in negotiation as of 23 November 2020.

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Measure denying the tax deduction of interest and royalties to entities in blacklisted jurisdictions: scope updated

Measure denying the tax deduction of interest and royalties to entities in blacklisted jurisdictions: scope updated
03/12/2020

A draft law adopted by the Luxembourg Government in March 2020, which should be passed soon, will introduce a new Luxembourg tax measure denying under certain conditions the corporate income tax deduction of interest and royalty expenses directed at entities located in non-cooperative tax jurisdictions.

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