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ARTICLE · 02 DECEMBER 2024

ATOZ Insights - November 2024

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2024 Luxembourg ongoing initiatives in tax matters – State of play...

LuxembourgTax
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2024 Luxembourg ongoing initiatives in tax matters – State of play

OUR INSIGHTS AT A GLANCE

  • Over the past few months, several draft laws have been presented by the Luxembourg Government which include (direct) tax changes and are still pending before Parliament.
  • On 24 May 2024, a draft law was presented to Parliament which, with effect as from tax year 2025, mainly amends the minimum net wealth tax rules, as well as the participation exemption regime, and clarifies the tax treatment of partial liquidations. One of the additional changes introduced by the draft law is an amendment of the rules on mandatory electronic filing.
  • On 12 June 2024, a draft law was presented to Parliament to amend the Luxembourg law of 22 December 2023 on the minimum effective taxation of multinational enterprise groups and large national groups implementing the EU Directive of 15 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and

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