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Tax forms 2020 for capital companies (tax forms 500) are now available on the website of the Luxembourg Tax Authorities. The tax returns 2020 can now be filed electronically.

In the case C-288/19, the Court of Justice of the European Union recently decided on the VAT treatment of company cars, which are put at the disposal of the company’s employees for private use. Read more

This digital transfer pricing guide will help provide you with a general overview of the transfer pricing landscape and who to contact in Luxembourg for more detailed insight.

Payroll Newsflash: read more about the news in tax matters in the context of the COVID-19 crisis

On 14 October 2020, the Luxembourg Ministry of Finance presented the 2021 Draft Budget Law (n°7666) (“Draft Law”) to the Chamber of Deputies, setting out a number of tax measures. It was announced that, due to the COVID-19 pandemic, the main focus will be put on containing the effects of the crisis. Therefore, instead of increasing taxes and conducting a general tax reform, a number of amendments which aim at restoring tax justice and improving economic sustainability were addressed.

Payroll Newsflash: read more about the last changes in legislation in the context of the COVID-19 crisis

The introduction of the new European Union (EU) Mandatory Disclosure rules (DAC 6) aims to implement procedural compliance requirements for intermediaries and taxpayers to disclose 'potentially aggressive tax planning arrangements' by intermediaries or taxpayers to the relevant tax authority. Subsequently, all tax authorities in the EU will then exchange received reportable disclosures amongst one another on a quarterly basis.

At Grant Thornton, we understand that transfer pricing plays a crucial role as your business concentrates on growth post-COVID. Our experienced transfer pricing experts can help navigate your business through the economic impact of COVID. Contact Jean-Nicolas Bourtembourg, Partner, Grant Thornton Luxembourg.

Lockdown has disrupted transfer pricing (TP) within multinational enterprises (MNEs). Even as restrictions are gradually eased, there continues to be considerable uncertainty over the risks, circumstances and comparables used to determine arm’s length transfer prices. Contact Jean-Nicolas Bourtembourg, Partner, Grant Thornton Luxembourg.

Payroll Newsflash: read more about the last changes in legislation in the context of the COVID-19 crisis

Law of 22 May 2020 extended the deadlines for having the financial statements approved by the shareholders and for the filing of those annual accounts, consolidated accounts as well as the related reports.

Payroll Newsflash: read more about the last changes regarding social security and emergency fund for very small businesses and self-employed workers in the context of the COVID-19 crisis

On 30 March 2020, the Luxembourg Government filed a Bill n°7547 (“Bill”) with the Luxembourg Chamber of Deputies, setting out legislation that disallows the tax deduction of interest or royalties paid or due to associated enterprises established in jurisdictions listed on EU’s list of non-cooperative jurisdictions for tax purposes (“black list”).

Payroll Newsflash: read more about the last changes regarding social security in the context of the COVID-19 crisis

Payroll Newsflash: information on the measures decided by the government in relation to the exceptional situation generated by the COVID-19.

On 21 March 2020, the Luxembourg parliament passed the law n° 7465 (“the Law”) transposing the Council Directive (EU) 2018/822 of 25 May 2018 (“DAC 6”) as regards mandatory exchange of information in the field of taxation in relation to reportable cross-border arrangements.