European & Luxembourg Tax News

Several tax measures have been introduced, potentially impacting taxpayers with operations in Luxembourg. The following newsflash summarises the most important developments.

20/07/2023

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Contents:


EU

  • FASTER proposal: EU Commission issues draft directive on faster and safer relief of excess withholding taxes (p. 1)

LUXEMBOURG

  • Amendments to the investment tax credit rules (p. 4)
  • Bill of law revising the fund laws, including provisions on subscription tax passed (p. 6)
  • Bill of law approving the new double tax treaty between Luxembourg and the United Kingdom passed (p. 7)
  • Bill of law implementing public country-by-country reporting measures passed (p. 8)

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