ATOZ Insights - February 2016

This first edition of the 2016 ATOZ Insights provides you with an overview of all Luxembourg tax measures which came into force at the beginning of this month.

Amendments to the participation exemption regime, the tax consolidation regime, the net wealth tax rules and to the minimum tax rules are only a few of the numerous tax changes introduced. We also present the changes to be introduced by tax treaties recently ratified by Luxembourg and their ratification status in other countries along with the dates of application. In 2016, with CRS becoming the new standard, Luxembourg is taking a big step in exchange of information in tax matters. This year, we will also see the birth of a new type of Luxembourg alternative investment fund called "reserved alternative investment fund" which will offer authorised AIFMs the opportunity to launch funds with the same benefits as specialised investment funds, but without prior supervisory approval, reducing "time to market".

At EU level, the Directive on exchange of information on tax rulings has now been published and will have to be implemented by Luxembourg before year-end. As far as BEPS is concerned, the European Union is demonstrating its willingness to act quickly, and released on 28 January a so-called anti-tax avoidance package, including a draft anti-BEPS directive, which aims to tackle many of the BEPS issues identified by the...