The European Court of Justice has recently ruled that Luxembourg’s legislation on the cost-sharing exemption has been transposed too widely. This VAT exemption is widely used by the country’s financial services industry. And the impact of this decision for bankers, assurers and asset managers would likely to be severe. Frédéric Wersand, …
All OECD and G20 countries have committed to implementing country-by-country reporting. Luxembourg, among other countries, has agreed that country-by-country reporting is a key priority in addressing BEPS risks. Reporting takes place with respect to fiscal periods starting from 1 January 2016. As electronic notifications are due by 31 March 2017, …
The Luxembourg VAT authorities have just released their 2016 annual activity report. While this document discloses last year’s milestone figures, it also sets their objectives for 2017. In the light of the tax reform, VAT authorities will particularly beef up penalties and introduce personal liability of directors while intensifying electronic …
Luxembourg introduced new intra-group financing rules on 1 January 2017. While industry players have been caught off guard, they’re now analysing the new transfer pricing rules and how to implement them. Watch the interview of Loek de Preter, PwC Luxembourg Transfer Pricing Leader, commenting on how the market reacted and how to comply.
BEPS remains high on the corporate agenda. EU Directives covering this Plan are coming into force in 2019, and new multilateral action to tighten up double tax treaties was announced in late 2016. With the aim of identifying the level of awareness about BEPS, we’ve interviewed asset managers across Europe on …
Now that the tax reform has entered into force and the late 2016 announcements are effective, we have a better picture of what 2017 has in store for you. In this post, we analyse the five main VAT changes in Luxembourg and explain in detail what they mean to you.
Luxembourg announced on 27 December it would tighten its rules on intra-group financing. These new measures, entering into force on 1 January 2017, firm up the “arm’s length principle”. In other terms, financing between different units of the same company should be carried out as if they were unrelated firms. We interviewed …
As from 1 January 2017, Luxembourg taxpayers* will have to file their periodical and annual VAT returns on the eCDF platform. The eCDF is the existing platform for electronic gathering of financial data, particularly used to file annual accounts online.
The 2017 tax reform becomes effective on 1 January and with it comes along a series of tax measures aimed at tackling corporate taxation. We’re looking at what the tax reform means for companies and what further measure could strengthen Luxembourg’s credibility and attractiveness.
![[VIDEO] Luxembourg cost-sharing exemptions in danger](https://blog.pwc.lu/wp-content/uploads/2017/05/In-conversation-with-Frederic-Wersand.png)
