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DROIT FISCAL


Finance Bill 2019: CIT reduction and  optional extension of interest limitation rules  on fiscal unity level

Finance Bill 2019: CIT reduction and optional extension of interest limitation rules on fiscal unity level
20/03/2019

On 5 March 2019 the Luxembourg government filed the new finance bill n° 7450  (“Finance Bill”) with the Luxembourg parliament.

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Brexit: the Luxembourg emergency legislation

Brexit: the Luxembourg emergency legislation
18/03/2019

On 31 January 2019, the bill of law n°7401 (the “Bill”) was issued on measures to be taken in relation to the financial sector in case of the withdrawal of the United Kingdom (“UK”) and North Ireland from the European Union (“EU”) (“Brexit”).

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EU State aid investigation opened into Huhtamäki’s tax treatment in Luxembourg

EU State aid investigation opened into Huhtamäki’s tax treatment in Luxembourg
11/03/2019

On 7 March 2019, the European Commission announced the opening of a formal State aid investigation into three tax rulings granted by the Luxembourg tax authorities to a Luxembourg entity of the Finnish Huhtamäki group.

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Finance Bill 2019: CIT reduction and  optional extension of interest limitation rules  on fiscal unity level

Finance Bill 2019: CIT reduction and optional extension of interest limitation rules on fiscal unity level
11/03/2019

On 5 March 2019 the Luxembourg government filed the new finance bill n° 7450 (“Finance Bill”) with the Luxembourg parliament

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Corporate Tax Reform 2019

Corporate Tax Reform 2019
11/03/2019

On 5 March 2019, the 2019 budget draft law was presented to Parliament.

The draft law introduces mainly the following corporate income tax measures with retroactive effect as from 1 January 2019:

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Luxembourg presents budget law 2019

Luxembourg presents budget law 2019
09/03/2019

On March 5th 2019, the Luxembourg Minister of Finance submitted to the Parliament the draft 2019 budget law (the "Budget"), which is expected to be approved by the end of April.

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06/03/2019

The law of 21 December 2018 implements the EU Anti-Tax Avoidance Directive (“ATAD”), the aim of ATAD being to implement the BEPS (Base Erosion and Profit Shifting) recommendations made by the OECD and the G20 in October 2015 at EU level.

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Luxembourg update: proposed interest deduction limitation at fiscal unity level and reduction of corporate income tax rate

Luxembourg update: proposed interest deduction limitation at fiscal unity level and reduction of corporate income tax rate
06/03/2019

On 5 March 2019, the government filed its 2019 budget bill of law. The proposed tax measures include a reduction of the corporate income tax rate and amendments to the fiscal unity regime.

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VAT Circular on transactions between related parties

VAT Circular on transactions between related parties
06/03/2019

On 19 January 2019, the Luxembourg VAT authorities published Circular 790(“Circular”) to clarify Article 28 paragraph 3 of the Law of 12 February 1979 (“VAT Law”) on transfer pricing.

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Brexit : Delegation and UK temporary regimes

Brexit : Delegation and UK temporary regimes
01/03/2019

On 25 January 2019, the CSSF published a Press Release 19/05 on the delegation of investment management/portfolio management and/or risk management activities to undertakings in the United Kingdom ("UK") and the temporary permissions regime in the UK.

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