Recent BEPS related legislation/guidance impacting Luxembourg

Recently a set of BEPS related draft legislation/guidance has been published:

(i) On 21 June 2016, the Council of the European Union (“EU”) agreed on the draft Anti-Tax Avoidance Directive (“ATAD”);

(ii) On 22 June 2016 a bill of law regarding the adoption of a Protocol amending the US/Luxembourg double tax treaty (“Protocol”) was filed with the Luxembourg Parliament; and

(iii) On 29 June 2016, the OECD released new guidance on the implementation of the Country-by-Country (“CbC”) Reporting.

For your convenience, we have summarised hereafter the key elements of the ATAD, the Protocol and the guidance on CbC Reporting. Please click on the link below to read the full document:

Recent BEPS related legislation/guidance impacting Luxembourg – full document