General trends: domestic, EU and International Tax
2023 was another year rich in tax developments in Luxembourg and Europe. In a difficult economic environment and a tense geopolitical context, the European institutions continued to launch and implement tax initiatives.
Luxembourg has continued to play an important role by reaffirming its support for international initiatives aimed at fairer and more transparent taxation, while at the same time launching domestic projects to make Luxembourg's economy more competitive or modernise procedures for taxpayers.
Our experts Eric Fort, Tax Partner, Dr. Philipp Jost, Tax Partner, and Lucile Dos Santos, Tax Senior Associate provided an overview of past and upcoming initiatives certain to impact corporate taxpayers with international operations.
Luxembourg case law update
Our experts Vincent Mahler, Tax Partner, and Stéphanie Maschiella, Tax Partner unravelled the complexities of Luxembourg case law as it affects corporate taxpayers. Set against the backdrop of the evolving fiscal landscape, our speakers distilled relevant insights on inter alia alphabet classes of shares, the judicious use of carried forward tax losses and the complex implications of unintentional tax fraud.
Pillar 2 in Luxembourg: main takeaways
Our experts Thierry Lesage, Tax Partner,
and Caroline Partoune, Tax Senior
Associate explained the intricacies of the Luxembourg legislation
implementing the EU's Pillar 2 Directive. In the era of
digitalisation, multinational enterprises face unprecedented tax
challenges. Pillar 2 introduces model rules crafted to ensure
multinational enterprises contribute their fair share by paying a
minimum level of tax on income generated across
jurisdictions.
While the impact on large multinationals seems accepted, the
expected minimal impact on the investment fund industry needs to be
monitored. Our expert panel provided key insights, preparing you
for the paradigm shift in global taxation dynamics.
VAT update: focus on directors' fees
This webinar was about an exploration of the ever-evolving landscape of VAT with a specific focus on the complex VAT treatment of directors' fees.
Our experts, Bruno Gasparotto, Tax Principal, Sophie Weyten, Tax Counsel, and Claire Schmitt, Tax Counsel shared their insights on the developments, providing clarity and actionable intelligence.
Transfer Pricing Outlook 2024
Our transfer pricing experts Alain Goebel, Tax Partner and Alexandre Maschiella, Tax Counsel guided you through the potential impacts of the draft EU Directive on Transfer Pricing, as well as recent domestic developments (Master/Local File requirements, Bilateral APAs and case law), shedding light on their influence on the current transfer pricing environment.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
