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ARTICLE · 13 APRIL 2022

ATOZ Insights - April 2022

Atoz Tax Advisers
Atoz Tax Advisers
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Atoz Tax Advisers

Atoz Tax Advisers

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We have already enjoyed early spring days, so it is time for our first 2022 ATOZ Insights.

LuxembourgTax
Atoz Tax Advisers
Atoz Tax Advisers

Greetings!

We have already enjoyed early spring days, so it is time for our first 2022 ATOZ Insights.

On 9 March 2022, a draft law was presented to Parliament to remove, as from 1 January 2023, the exemption applicable to certain securitisation entities regulated under EU law from the interest limitation rules introduced as from 1 January 2019 following the transposition of ATAD into Luxembourg domestic law. The draft law follows an infringement procedure launched by the European Commission against the way Luxembourg implemented the interest limitation rules of ATAD. We will analyse this repeal.

On 20 January 2022, the Luxembourg tax authorities released a Circular on the new annual 20% real estate levy introduced by the 2021 Budget law. The levy is due on gross rental income and gains arising from real estate assets situated in Luxembourg and realised directly or indirectly by certain categories of investment funds. We will describe the implications of this

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