HomePage | Contact Us | About Us
Custom Search
|
|
HomePage | Contact Us | About Us |
Custom Search
|
|
|
Luxembourg Online V.A.T. ReturnsStarting January 1, 2013 all V.A.T. taxpayers in Luxembourg will have to file online their monthly/quarterly V.A.T. returns. Luxembourg Russia New DTALuxembourg and Russia signed on November 21 a new protocol amending the existing 1993 double tax treaty, DTA. The protocol includes, inter-alia, a reduced 5% tax withholding rate instead of the present 10% rate from certain payments of dividends subject to terms. The new DTA will enter into force after being ratified by both countries. Luxembourg is off the Brazilian Grey ListBrazil's tax authorities removed on 28.3.2011 Luxembourg's holding companies from the Brazilian grey list of privileged tax regimes. An inclusion in the grey list has implications regarding Brazilian thin capitalization and transfer pricing regulations. Luxembourg UAE Double Taxation TreatyOn April 29, 2009 the Luxembourg parliment finally ratified the double taxation tax treaty between Luxembourg and the UAE, The traety was pending since November 2005. The treaty includes provisions regarding tax withholding rates for payments of dividends, interest and royalties, based mainly on the OECD model, taxation of capital gains between the two countries and exchange of tax information. The treaty will be effective from 1.1.2010. Luxembourg Corporate Tax ReductionLuxembourg's prime minister announced on 22 May 2008 that he will reduce Luxemburg's corporate tax rate from 29.63%, consisting of corporate tax and municipal tax, to 25.5%. The reduction will be effective from 1.1.2009. From 1.1.2009 the 0.5% capital duty will be abolished. Capital duty is imposed on contributions of capital to a company. Earlier in 2008 the capital duty was reduced from 1% to 0.5%. The proposed changes are expected to increase Luxembourg's attractiveness to foreign investors. |
© All copyrights reserved