The Luxembourg Tax Authority (“L.T.A.”) has released on the 9th of June2023 a circular LIR N°168 quarter/1 providing guidance on the computation of taxable income of Reverse Hybrid Entities. A new form to be filed electronically for transparent entities together with Frequently Asked Questions guidance on how to fill in such form are now also available on the website of the L.T.A. This is of great help, [...]
Technical change Legalization of the current administrative practice in terms of deadline for filing tax returns. The 2023 budget law has extended the filing deadline for corporate income tax, municipal business tax, net wealth tax and personal income tax returns from 31 March to 31 December. VAT rates amendments Effective as from 1 January 2023 VAT Cut by 1% but super-reduced rate remains unchanged. From 1 [...]
The Luxembourg parliament approved the bill n°7466 transposing ATAD2 Directive EU 2017/952 into Luxembourg Tax Law by amending the Articles 168 ter of the Luxembourg Income tax Law and introducing a new article 168 quarter. The bill will enter into force on the 1st January 2020 except for rules relative to reverse hybrid mismatches which will be applicable only as from 1st January 2022.” Article [...]