Luxembourg

Tax-News.com: EU Member States Slow To Implement VAT Quick Fixes

The European Commission has launched infringement proceedings against 14 member states for failing to implement the so-called value-added tax quick fixes.

Tax-News.com: Many EU States Tardy In Adopting Anti-Tax Avoidance Directives

On January 24, 2020, the European Commission issued formal notices to numerous European Union member states with regards to lapses in the implementation of various EU anti-tax avoidance directives.

Tax-News.com: Luxembourg's 2020 Budget Approved By Parliament

On December 19, 2019, Luxembourg's Chamber of Deputies approved the Government's Budget for 2020, which among other measures includes important changes to the validity of advanced tax rulings.

Tax-News.com: EU States Shut Down Plans For Public CbC Reporting

EU member states have been unable to reach an agreement on proposals to release to the public information on multinational enterprises' tax affairs.

Tax-News.com: Luxembourg Approves Update To French DTA

On November 15, 2019, Luxembourg's Council of Ministers approved a protocol to the 2018 double tax treaty with France, making changes to the way cross-border workers are taxed.

Tax-News.com: Nine EU Finance Ministers Call For Green Tax On Aviation

Nine EU member states have called on the European Commission to draw up proposals for an EU-wide aviation tax.

Tax-News.com: UK Explains BEPS Changes To Luxembourg DTA

On November 5, 2019, the UK Government released the synthesized text of the Luxembourg-UK double tax agreement, as modified by the BEPS multilateral instrument.

Tax-News.com: Ireland Had EU's Lowest Tax-To-GDP Burden In 2018: Eurostat

The overall tax burden in the European Union relative to GDP rose slightly in 2018, to 40.3 percent, the Eurostat has announced.

Tax-News.com: EU Court Upholds Commission's Fiat Tax Ruling Decision

The EU General Court has dismissed an appeal brought against the European Commission's decision that a tax ruling granted by Luxembourg to Fiat Chrysler Finance Europe was unlawful.

Tax-News.com: Luxembourg Submits Anti-Hybrid Mismatch Law

On August 8, 2019, the Government of Luxembourg submitted to parliament draft law to implement the requirements of the second European Union Anti-Tax Avoidance Directive (ATAD 2), which tackles hybrid mismatch arrangements.

Tax-News.com: US Senate Approves Changes To Four Double Tax Pacts

The United States Senate has approved protocols to four existing bilateral double tax avoidance treaties that have been pending in the chamber for as much as a decade.

Tax-News.com: US Senate To Vote On Tax Treaty Protocols

The United States Senate could soon approve ratification of four long-pending double tax avoidance treaty protocols.

Tax-News.com: Luxembourg Publishes Guidance On New IP Tax Breaks

The Luxembourg direct tax administration has published a circular including comprehensive guidance for the recently introduced changes to the special tax regime for intellectual property income.

Tax-News.com: US Senate Finance Committee Approves Four Treaties

On June 25, 2019, the United States Senate Foreign Relations Committee approved amendments to four double tax avoidance agreements which have been pending in the Senate for several years.

Tax-News.com: Luxembourg Ministers Endorse EU VAT 'Quick Fixes'

Luxembourg's Government Council, comprising government ministers, has approved legislative changes to the territory's VAT regime to introduce the four quick fixes to improve the functioning of VAT rules in the European Union.

Tax-News.com: IMF Advises Luxembourg On Coping With International Tax Changes

The IMF has welcomed Luxembourg's efforts to meet international tax standards but cautioned that international tax reform could hit the country's tax base.

Tax-News.com: US Companies Urge Senate To Approve Tax Treaties

In a letter published on April 29, 2019, the United States National Foreign Trade Council urged the Senate to approve several pending double tax avoidance treaties.

Tax-News.com: Luxembourg Ratifies BEPS Multilateral Instrument

Enhancements to Luxembourg's network of double tax agreements to mitigate base erosion and profit shifting will become effective from August 1, 2019.

Tax-News.com: EU To Probe Potential Abuses Of Citizenship By Investment Schemes

For the first time, the Commission has presented a comprehensive report on investor citizenship and residence schemes operated by a number of EU member states.

Tax-News.com: Luxembourg Adopts Anti-Tax Avoidance Law

On December 18, 2018, Luxembourg's parliament approved legislation that will implement the European Union Anti-Tax Avoidance Directive.

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