Law & Numbers presents a comparative study on tax regime holding companies. To see the full study, click on the picture : Contributors : Switzerland : Yves Auberson - Felten Assa & Associés France : Céline Boisselier - TGS Avocats United States (USA) : Gregory M. McKenzie - FischerBroyles LLP Hungary : Pal Jalsovszky - Jalsovszky Law Firm Portugal : Sofia Quental - Valadas Coriel & [...]
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 [...]
DAC 6 is an EU Directive that introduces Mandatory Disclosure Obligations for a wide range of cross-border tax arrangements. EU Countries have aligned their national laws quite closely to the DAC6 Directive but some countries went beyond the content of such Directive adding extra requirements. Addressing these differences is the purpose of this COUNTRY PER COUNTRY review. Click here to read the full article : LN [...]
To consult the table, please click here : Law & Numbers - table on tax regime of holding companies
Bernard Felten Luxembourg member of the network Felten & Associés Network coordinator : Hello Bernard You represent Luxembourg in our Law & Numbers network of tax lawyers. We would like to get to know you a little better. If you agree, we will ask you some questions. Bernard Felten : My pleasure ! Network coordinator : What was your background that led you to [...]
Invoicing rules are an important issue for companies. Mistakes may incur a high tax risk, especially with regards to VAT. Our network's tax specialists have prepared a summary of the invoicing rules applicable in each of their respective countries. For EU countries, common rules have been established, to which each country may add its specificities. The EU countries presented in the summary are: Belgium, France, Hungary, [...]
Law & Numbers is an international network of tax specialists bringing together law firms from several countries. In the context of the current pandemic known as Coronavirus or Covid-19, our lawyers present the general and tax emergency measures taken for the following countries: Country Author Belgium André Bailleux Czech Republic Bohdana Prazska France Marylène Bonny-Grandil Hungary Pal Jalsovsky Italy Ambrogio Novelli Luxembourg Bernard Felten Spain José [...]
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 [...]