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ARTICLE · 19 DECEMBER 2018

ATOZ Insights - September 2017

Atoz Tax Advisers
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This year again, tax news did not take a summer holiday: in early August, the long awaited draft law introducing the new Luxembourg IP regime was released.

LuxembourgTax
Atoz Tax Advisers
Atoz Tax Advisers

This year again, tax news did not take a summer holiday: in early August, the long awaited draft law introducing the new Luxembourg IP regime was released. As from 2018, the new BEPS-compliant regime will replace the former regime which had to be repealed following conclusions reached on IP regimes as part of the BEPS Action Plan. At the end of August, the Luxembourg tax authorities released a circular describing the practical application in Luxembourg of the mutual agreement procedures (MAPs) provided by the tax treaties signed by Luxembourg. Finally, Luxembourg has signed its first double tax treaty with Cyprus. This is the first Luxembourg tax treaty fully in line with the minimum standards defined in the BEPS Action Plan.

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