Revision of corporate exit tax rules
By Laurent Mahaux and Bilal Ajabli
The Luxembourg Parliament has adopted, on 13 May 2014, the law (bill 6556) amending some tax provisions concerning the area of so-called ‘exit tax’ in order to make the exit taxation compliant with EU law. The European Court of Justice (ECJ) held in the National Grid case (C-371/10) that EU law precludes legislation of a member state that prescribes — such as previous Luxembourg law — the immediate recovery of tax on unrealised capital gains relating to assets of a company transferring its place of effective management to another member state at the time of the transfer…
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News from Wildgen
Briefings from Wildgen
Wildgen has released its 26 November 2014 update on the Luxembourg double tax treaties network.
Directive 2014/92/EU (the ‘Payment Accounts Directive’) has been adopted with the aim of improving the consumer rights of EU citizens.