{"product_id":"hoor-oliver-r-transformation-of-the-luxembourg-tax-environment-towards-the-post-beps-era-9782919782857","title":"Transformation of the Luxembourg tax environment : towards the post-Beps era","description":"\u003cp\u003e\n      \u003cb\u003eTransformation of the Luxembourg tax environment\u003c\/b\u003e\n    \u003c\/p\u003e\u003cp\u003e\n      \u003cb\u003eTowards the post-BEPS era\u003c\/b\u003e\n    \u003c\/p\u003e\u003cp\u003eOver the last years, the Luxembourg tax environment has undergone a comprehensive transformation following the OECD Base Erosion and Profit Shifting (« BEPS ») Project and subsequent initiatives at EU level.\u003c\/p\u003e\u003cp\u003eWith the transposition of the two Anti-Tax Avoidance Directives (« ATAD » and « ATAD 2 ») and the implementation of other tax measures into Luxembourg tax law, the Grand-Duchy contributed to a level playing field in international taxation. ATAD and ATAD 2 resulted in the implementation of a number of anti-abuse provisions including :\u003c\/p\u003e\u003cul\u003e\n      \u003cli\u003eInterest limitation rules\u003c\/li\u003e\n      \u003cli\u003eControlled foreign company (« CFC ») rules\u003c\/li\u003e\n      \u003cli\u003eHybrid mismatch rules\u003c\/li\u003e\n      \u003cli\u003eGeneral Anti-abuse Rule ( « GAAR » )\u003c\/li\u003e\n      \u003cli\u003eExit tax rules\u003c\/li\u003e\n    \u003c\/ul\u003e\u003cp\u003eIn addition, the Luxembourg legislator changed in 2019 the definition of permanent establishments (« PE ») and abolished the roll-over relief applicable to conversions of debt instruments into equity.\u003c\/p\u003e\u003cp\u003eThe Luxembourg transfer pricing regime applicable to companies performing financing activities has already been changed as from 2017, anticipating post-BEPS OECD transfer pricing guidance. Furthermore, as from 2018, the Luxembourg IP tax regime has been amended in order to comply with the modified-nexus approach that has been developed as part of the BEPS Project.\u003c\/p\u003e\u003cp\u003eWhile substance was always an important topic for Luxembourg companies that are frequently involved in cross-border investment and business activities, the focus on economic substance has only increased throughout and following the OECD BEPS Project. Therefore, it is crucial to equip Luxembourg companies with an appropriate level of substance.\u003c\/p\u003e\u003cp\u003eThe OECD BEPS Project also had a significant impact on the global network of bilateral tax treaties which has been amended through the Multilateral Instrument (« MLI »).The MLI provided contracting states with a lot of flexibility in terms of implementation options and generally resulted in the adoption of anti-abuse provisions such as the principal purposes test (« PPT »).\u003c\/p\u003e\u003cp\u003eLast but not least, the Luxembourg legislator implemented the mandatory disclosure regime (« MDR »), transposing DAC 6 into domestic law. Under the MDR, tax intermediaries are required to report information on certain cross-border arrangements to the Luxembourg tax authorities.\u003c\/p\u003e\u003cp\u003eThis book provides a 360° view on the transformation of the Luxembourg tax environment. The practical guidance in this book will equally benefit tax advisers, practitioners and other professionals that have to deal with taxation.\u003c\/p\u003e","brand":"LEGITECH","offers":[{"title":"Default Title","offer_id":53812479689046,"sku":null,"price":0.0,"currency_code":"EUR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0925\/5829\/5382\/files\/product_image_9782919782857_1.jpg?v=1781817881","url":"https:\/\/www.momoxbooks.com\/products\/hoor-oliver-r-transformation-of-the-luxembourg-tax-environment-towards-the-post-beps-era-9782919782857","provider":"momoxbooks","version":"1.0","type":"link"}