May 24, 2022
Tax controversy evolution continues apace in Luxembourg
This new article explains how the tax enforcement and tax controversy environment in Luxembourg is evolving at a fast pace. A series of related developments that sit at the heart of Luxembourg’s desire to be a leader in tax transparency, have driven an increase in tax controversy and are creating new challenges for business to be aware of. And while the number of rulings and Advance Pricing Agreements (APAs) being issued has dropped dramatically, new criminal tax law guidance and greater use of the so-called “call-in warranty measure” make the environment even more challenging.
More change is likely to come in the near future. Tax leaders with responsibility for a corporate presence in Luxembourg nay therefore wish to gain a better understanding of the fast-moving local environment.