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Luxembourg limits deduction of certain payments made to countries on the EU list of non-cooperative jurisdictions

|Tax Alerts, Legislation & Policy, Na ...|Luxembourg, European Union
Luxembourg, European Union

Executive summary

On 30 March 2020, a draft law (Draft Law) aimed at disallowing, under certain circumstances, the deduction of interest and royalties paid or owed by Luxembourg corporate taxpayers to associated enterprises that are corporations established in a country listed on the European Union (EU) list of non-cooperative jurisdictions for tax purposes (the EU List), was transmitted to the Lux…

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