TaxConnections

Login | TAXPAYERS | TAX PROFESSIONALS-START HERE
Ask Tax Question

I have heard that Luxembourg intends to follow Belgium in enacting a Notional Interest Deduction regime. is that true? What are the details and when can we expect to see it?

Capital Account Deduction
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Howard Liebman
This was in fact the case, although precise details were never released.  Unfortunately for corporate taxpayers (although perhaps fortunately for its neighbor, Belgium), the Luxembourg Government decided just last month not to proceed with the project, at least not for now.  However, in view of the BEPS initiative of the OECD and the increasingscrutiny of Luxembourg's very favorable regime of unpublished tax rulings, it would appear less and less likely that Luxembourg would wish to invite yet more attention byadding yet another highly-competitive tax regime to its arsenal.
Leave a Comment 202 weeks ago



Meet Leading Tax Advisors

User Photo John Stancil

Lakeland, Florida, USA

Tax Advisor/CEO

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo John Dundon, II EA

Denver, Colorado, USA

Tax Director

 

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

NEVER MISS AN ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Contact Us Today