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Individual tax


 2017 Securitisation Entities to Be Made Subject to (ATAD 1) Interest Deduction Limitation Rules

2017 Securitisation Entities to Be Made Subject to (ATAD 1) Interest Deduction Limitation Rules
25/03/2022

On 9 March 2022, a bill amending Article 168bis of the Luxembourg Income Tax Act was brought before Parliament. The bill aims to remove 2017 securitisation entities from the list of financial undertakings

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Getting ready for the pan-European Personal Pension Product in Luxembourg

Getting ready for the pan-European Personal Pension Product in Luxembourg
07/03/2022

Having laid down the rules for the pan-European Personal Pension Product (or PEPP), Luxembourg is now prepared for when the harmonised EU PEPP regime enters into application on 22 March 2022.

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Short term consultation on Pillar One’s framework for nexus and revenue sourcing rules

Short term consultation on Pillar One’s framework for nexus and revenue sourcing rules
07/02/2022

On 4 February 2022, the OECD Secretariat released an update on “Pillar One”, the OECD/G20 Inclusive Framework’s effort to reallocate some taxing rights to market jurisdictions via the so-called “Amount A”

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Luxembourg budget bill for 2022

Luxembourg budget bill for 2022
29/12/2021

On 16 December 2021 the Luxembourg budget bill for 2022 (n°7878) has been adopted by the Luxembourg Parliament (the Law). In general, the Law aims at maintaining a stable tax environment considering the current sanitary situation.

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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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