Overview of corporate tax work
Luxembourg continues to be a global leader as a platform for
international business, investment funds, and cross-border
financing. At the outset of COVID-19, Luxembourg quickly reacted by
enacting pragmatic emergency measures, allowing Luxembourg
investment funds and companies to maintain operational efficiency
despite the global lockdown and restrictions on working and travel.
In terms of tax developments, Luxembourg continues to update its
competitive tax laws in harmony with new European Union
("EU") and Organisation for Economic Co-operation and
Development ("OECD") policies principally aimed at
anti-abuse and aggressive tax planning.
Over the past year, Luxembourg transfer pricing has further
increased in importance. Generally, the Luxembourg tax authorities
have increased audits with respect to transfer pricing and this
trend should continue into the future.
