Luxembourg Circular On Interest Limitation Rules
By EsqSocial Corporation 18/01/21
On 8 January, 2021, the Luxembourg tax authorities published Circular L.I.R. 168bis/1 on interest limitation rules (the “Circular”). The Circular provides much needed clarity to the interest limitation rules which have been introduced in Luxembourg law as a result of the implementation in local legislation of the EU Anti-Tax Avoidance Directive 2016/1164 (colloquially, known as ATAD). In accordance with Article 4 of ATAD, a new Article 168bis was introduced in the Luxembourg law of 4 December,...
By: Goodwin