Change in Luxembourg's tax regulatory framework affecting multinational corporations
01 Jan 2017
On 27 December 2016, Luxembourg adopted a change in its tax rules. The rationale of the new norms consists in decreasing the tax avoidance risk ex parte of multinational firms based in the grand duchy. Up to now, Luxembourg has offered companies so-called "tax rulings", which, in some cases, have allowed them to lower their tax bill by reporting lower profit margins and a lower taxable capital base. The new rules have entered into force on 1 January 2017.
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Treatment and operation (Other)
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Inward FDI:
No
Outward FDI:
No
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