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News
January 2025
Luxembourg new Tax measures approved
Last December 11, the Luxembourg Parliament approved draft laws
8388, 8414 and 8186A (the “Tax Package”), where several tax measures
applicable to individuals, companies and funds will enter into force
mostly, as from January 1, 2025.
August 2024
Draft Law 8414
Further amendments to Luxembourg Tax Law – Part II
On 17 July 2024, the Luxembourg government published draft law 8414 (Part II). The government aims to reduce the corporate income tax rate, create an attractive environment for talent and acquisition, reduce the income tax burden on individuals, and support the local financial sector into new investment fund activities, as well as update the SPF Law.
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June 2024
Draft Law 8388
Amendments to Luxembourg Tax Law
On May 23, 2024, the Luxembourg government published a draft law which, among others, (i) clarifies the tax treatment applicable to the redemption of classes of shares (ii) amends the minimum Net Wealth Tax (NWT) and (iii) introduces a waiver for taxpayers related to the participation exemption regime.
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March 2024
The revolution of WWW
The World Wide Web has had a profound impact on society by democratizing access to information, transforming communication, changing work dynamics, improving healthcare access, and much more. The Andersen EU Technology team prepared an insight on the revolution of the World Wide Web, all the challenges related to privacy and security with the widespread use of the internet, and the influence of the WWW on society.
The document highlights the revolutionary role of the internet in reshaping various aspects of our lives. While the WWW has brought about numerous benefits such as enabling e-commerce, revolutionizing education, and empowering activism, it has also introduced challenges related to privacy, security, and misinformation. By tracing the development of the WWW since its inception in 1989, Andersen insight explores the opportunities and challenges that have defined our digital age.
February 2024
International conference – Evolution of Tax Practice in Europe
Andersen is hosting the international conference Evolution of Tax Practice in Europe, an event that brings together expert partners in International Tax from different European jurisdictions, organized for Thursday, March 7, at the Andersen Milan office (Corso Magenta, 82) from 4 to 5:30 p.m. The meeting, with free participation, aims to highlight the latest developments
January 2024
Luxembourg Tax Highlights for 2024
This Tax Alert aims to provide you with a short summary of the tax highlights that will be effective as from year 2024.
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December 2023
Director fees are not subject to VAT
Following the recent C-288/22 judgment by the Court of Justice of the European Union on December 21, 2023, the Luxembourg VAT authorities have swiftly responded by issuing Circular 781-1 which announces the suspension of Circular 781 from September 30, 2016, until the Luxembourg District Court’s final decision.
As per their official statement on the website, the Luxembourg VAT authorities are committed to adjusting VAT for board members once the upcoming national Court decision is released, all while adhering to the statute of limitations. After this national court decision, a comprehensive guideline should be provided to assist companies in correctly adjusting their deduction rights for board member invoices. Non-compliance could result in legal penalties.
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Unconstitutionality of the Luxembourg minimum Net Wealth Tax
In response to the Luxembourg Constitutional Court Decision dated 10/11/2023 (Arrêt no. 00185), the minimum net wealth tax (“NWT”) of EUR 4,815 is considered as discriminatory for financial companies. Please find the details below in our trilingual Newsletter.
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November 2023
Guide for Incentives Renewables & Energy Efficiency
The new guide to incentives in the energy sector, prepared by European professionals from Andersen, aims to provide readers with the most detailed overview possible of the wide range of tax credits, grants, and other financial tools available in 13 European Union member states, complemented by those accessible in Albania, Switzerland, and the United Kingdom.
October 2023
ATAD 3 – The Unshell Directive
Proposal for a two-step approach
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European Guide to Tax Regime for Holding Companies
International Tax Service Line
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Transfer Pricing
Documentation requirements in Europe
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Artificial Intelligence Act: what’s new?
The recent proposal of the European Commission’s Artificial Intelligence Act has sparked discussions about the future of AI regulation
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