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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.

New Luxembourg set of rules aiming to facilitate the digital holding of meetings of shareholders and management bodies of Luxembourg companies and partnerships.

Responding to COVID-19: 7 Steps to manage cash flow and financial headwinds

Payroll Newsflash: information about the short-time working for the employees. The Luxembourgish government is working actively on measures for independents workers.

Payroll Newsflash: The new index on salaries has been officially announced on 9th January 2020.

Despite the doubts around the exit of the United Kingdom from the European Union (Soft or Hard Brexit ?), we would like to inform you about the consequences to be expected in case of a Hard Brexit and in absence of a transitional period.

How should businesses and their indirect tax functions respond to the changes and uncertainty in relation to international indirect taxes? Working with our Luxembourg indirect tax teams, we have compiled a global guide of indirect tax systems in 117 jurisdictions.