News | 24 October 2019
Luxembourg - Expiration of ATAs issued before 1 January 2015
On 14 October 2019, in the context of the preparation of the 2020 Luxembourg budget draft law (the "Draft Law"), a new provision has been introduced according to which all advance tax agreements ("ATAs" – also known as "tax rulings") issued before 1 January 2015 will cease to have legal effects, and thus to bind the Luxembourg tax authorities, as from 1 January 2020. According to the comments of the Draft Law, the rationale behind this measure lies in the will of the Luxembourg government to bring judicial coherence between ATAs issued before 1 January 2015 and ATAs issued after this date. ... READ MORE
Other authors: Grâce Mfuakiadi, tax advisor
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