Luxembourg tax changes
Tax rules in Luxembourg are modified to bring those in line with the Interest and Royalties Directive. The changes also include some additional features.
The most important changes include the introduction of the possibility that an indirectly owned Luxembourg company is included in the tax consolidation. Another change is that (in order to apply the participation exemption on non EU subsidiaries) the required minimal level of taxation of a subsidiary is reduced from 15 to 11%.
