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Brief Summary From 1 January 2024 onward, investment tax credits will change in the following ways: Detailed Look On 19 December 2023, the Luxembourg Chamber of Deputies adopted a law to modernize the current investment tax credit; it will take effect 1
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Individual – Foreign tax relief and tax treaties Last updated – 08 January 2024 Foreign tax relief Foreign income received by residents that is subject to a tax equivalent to Luxembourg income tax and is not exempted by a DTT is granted
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The EU list of non-cooperative jurisdictions for tax purposes has been updated by the European Union with new jurisdictions being added and removed from the EU Blacklist. Those added are Antigua and Barbuda, Belize and the Seychelles. The Council has also announced
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Company Formation Org In the summer, a Treasury Committee report concluded that a “comprehensive and systematic” review of all tax reliefs is needed to identify opportunities for simplification. Responding to that report, the Financial Secretary to the Treasury (FST), Victoria Atkins, states that the
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Company Formation Org If ratified by at least 30 jurisdictions, the convention will introduce a new mechanism for allocating taxing rights to market jurisdictions. The convention released by the OECD and G20 on 11 October 2023 relates specifically to ‘amount A’. This
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