ATOZ Insights - July 2018

As usual, the weeks prior to the summer break are a little bit hectic. The various legislators and tax authorities have been busy, providing some more reading material to those having already devoured their summer best sellers and favourite books.

On 7 May 2018, the Luxembourg tax authorities released a circular introducing some new reporting requirements on transactions concluded with related parties located in so-called "non-cooperative jurisdictions" for Luxembourg corporate taxpayers. In addition, almost simultaneously, the Luxembourg tax authorities released the 2017 corporate income tax form which introduces a new requirement to report certain transfer pricing related information. In this issue, we present the new reporting obligations applicable to Luxembourg corporate taxpayers.