01/07/2016

​Recently a set of BEPS related draft legislation/guidance has been published:

(i) On 21 June 2016, the Council of the European Union (“EU”) agreed on the draft Anti-Tax Avoidance Directive (“ATAD”);

(ii) On 22 June 2016 a bill of law regarding the adoption of a Protocol amending the US/Luxembourg double tax treaty (“Protocol”) was filed with the Luxembourg Parliament; and

(iii) On 29 June 2016, the OECD released new guidance on the implementation of the Country-by-Country (“CbC”) Reporting.

For your convenience, we have summarised hereafter the key elements of the ATAD, the Protocol and the guidance on CbC Reporting. Please click on the link below to read the full document.

Watch our 3 minutes video with the key points to keep in mind regarding BEPS:

Base Erosion and Profit Shifting (BEPS): key points to keep in mind - Video

Would you need any further information, please do not hesitate to contact our Tax team:Eric Fort,Alain Goebel,Thierry LesageandJan Neugebauer or your usual contact within the team. They are at your disposal to further guide you towards the right solution.

YOU MIGHT ALSO WANT TO DISCOVER

03/07/2020
After the register of beneficial owners for companies, here comes the Luxembourg register for fiducies and trusts!

On 1 July 2020, bill of law 7216B setting up a Luxembourg register of fiducies and trusts (the “RFT”), under the supervision of the Administration de l’Enregistrement, des Domaines et de la TVA (the “AED”), was passed in Parliament (the “RFT Law”).

Read More_