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The Energy Tax Credit is a measure introduced by the Chamber of Deputies from July to compensate the postponement of the index and thus supporting households to face the soaring prices of energy.

In terms of fiscal measures, the exceptional Covid-19 measures put in place through mutual agreements with the border countries to enable homeworking have ended on 30 June 2022. From a fiscal point of view, the tolerance threshold of days worked abroad for non-resident employees is fixed from July 2022.

On 13 June 2022, a Draft Bill (the “Bill”) implementing the Council Directive (EU) 2021/514 into domestic law was presented to the Luxembourg Parliament. It is the 7th installment of the so-called Directive on Administrative Cooperation in the field of taxation and is most commonly referred to as DAC 7. The Bill sets out numerous obligations to certain digital platform operators stipulating reporting requirements and setting out compliance standards. The proposed measures are to be applicable as from 1 January 2023.

At Grant Thornton, we go beyond business as usual, so you can too.

On 7 June 2022, Luxembourg and the United Kingdom (’’the UK’’) signed a protocol in order to amend the existing double tax treaty between these jurisdictions. The new treaty introduces a reduction on the withholding tax rate on dividend payments and royalties, as well as the so-called ‘’land rich clause’’ relating to capital gains arising from the sale of shares holding, directly or indirectly, immovable property.

With this newsletter, Grant Thornton Luxembourg would like to draw your attention to the first amendments to the proposal for a directive relating to the prevention of the misuse of shell entities (the “Anti-Tax Avoidance Directive III” or ‘’ATAD III’’) published on 12 May 2022.

From reporting periods starting 2024 onwards, the Corporate Sustainability Reporting Directive (CSRD) will require all large companies to report on sustainability policy and performance.

Le Rapport d’Analyse de Risques et le Rapport Descriptif doivent être soumis à la CSSF dans les 7 mois après la date de clôture et décrivent la situation du PSF de support sur l’année fiscale qui vient de s’écouler, comme stipulé dans les Circulaires CSSF 12/544 et 19/727.

The new index comes into force on 1 April 2022, resulting in a 2.5% increase in wages, salaries and pensions.

CSSF has released a new Circular on 14 October for IT/Cloud Outsourcing. This new Circular replaces the prior authorisation requirement with a prior notification requirement in the event of outsourcing material activity but not business process outsourcing.

Welcome to the 18th round of our annual research on the position of women in senior management across the world, and the progress towards gender parity in leadership.

Our experts help both Luxembourg residents and cross-border commuters to optimise their tax situation by making the right decisions and accompanying them through the administrative procedures.

Luxembourg Companies have to pay quarterly tax advances for Corporate Income Tax (CIT), Municipal Business Tax (MBT) and Net Wealth Tax (NWT) upon request from the Luxembourg tax authorities (LTA). Learn more

With this newsletter, Grant Thornton Luxembourg would like to draw your attention to the new ATAD III Directive, which should be implemented into the Member States’ national legislations by 30 June 2023 and come into effect by 1 January 2024.

In view of the uncertain evolution of the Covid-19 pandemic, the Luxembourg government has filed a new bill n°7916 aimed at extending the measures put in place by the law of September 23, 2020 until December 31, 2022.

Grant Thornton Luxembourg would like to point out some important guidelines and features regarding the Country-by-Country Reporting (“CbC Reporting”) laws in Luxembourg as the fiscal-year 2021 (“FY21”) is drawing to a close. This is important as the close of FY21 will bring with it the deadlines for various CbC Reporting obligations for many Luxembourg companies.