Independent law firm
24/06/2024
New draft bill containing different tax measures and clarifications – draft bill n°8388
On 23 May 2024, the Government submitted the draft bill n°8388 to the Parliament (“Bill”) clarifying the Luxembourg tax treatment applicable to share class redemptions, amending the minimum net wealth tax regime and introducing an opt-out mechanism for the “participation exemption” regime under specific conditions. Moreover, to continue the digitalisation of the income tax authorities, certain tax returns will be subject to mandatory electronic filings, notably withholding tax returns on directors’ fees.
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