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2015 brings changes to tax

Luxembourg

In 2015, automatic exchange of information in tax matters will reign supreme over the tax world. Stricter rules will apply to transfer pricing and there is no doubt that tax clearance procedures will see significant changes at both global and domestic levels. Taxand Luxembourg provides an overview of the key changes.

Increase of VAT rate
The rates have been amended to the following as of 1 January 2015:

  • 17% standard rate
  • 14% intermediary rate
  • 8% reduced rate
  • 3% super reduced rate

Transfer pricing rules
Adjustment of taxable basis when undue shifting of profits with related parties resident or non resident.

Increased transfer pricing documentation requirements
Obligation of information and documentation specifically extended to Transfer Pricing matters.

Discover more: Tax measures introduced as of 1 January 2015 >


Your Taxand contact for further queries is:
Samantha Schmitz-Merle
T. +352 26 940 235
E. samantha.merle@atoz.lu

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Taxand's Take

Multinationals operating within Luxembourg should act on these changes to tax legislation and ensure they are compliant.

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