Luxembourg: New Rule Disallowing Deduction On Payments To EU Non-cooperative Countries
By EsqSocial Corporation 10/05/21
Luxembourg has introduced new legislation disallowing the deduction of interest and royalties owed by Luxembourg corporate taxpayers to associated enterprises established in a jurisdiction included in Annex I of the European Union list of non-cooperative jurisdictions for tax purposes. This new provision applies as of 1 March 2021. Below is a summary of the main points covered by this law......
By: Goodwin