Luxembourg law transposing ATAD 1 voted and published in the Memorial
On 18 December 2018, the Luxembourg Parliament voted on the transposition into Luxembourg law of the EU Anti-Tax Avoidance Directive of 12 July 2016 (ATAD 1) Read News . The law was published (A n° 1164) in the Official Gazette. The ATAD 1 provisions will be applicable in Luxembourg as from fiscal years starting on or after 1 January 2019, except for the exit tax provisions that will apply as from 2020.
Some modifications have been made to the initially proposed text of this law.
The government has also committed, as mentioned in the report submitted to the parliamentary vote, to introduce an additional ATAD option allowing tax integrated groups to calculate their additional borrowing costs and EBITDA at the level of the integrated group. This additional provision should be introduced through a subsequent additional law, which would apply retroactively as from 1 January 2019.
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