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Luxembourg Cabinet Approves Draft Legislation for Implementation of EU Anti-Tax Avoidance Directive

|Proposed Changes|Luxembourg
Luxembourg

On 15 June 2018, the Luxembourg Cabinet approved draft legislation providing measures for the implementation of the EU Anti-Tax Avoidance Directive (ATAD). The measures of the draft include:

  • New interest deduction restriction rules that limit the deduction of net interest expense to 30% of EBITDA, with grandfathering provision for loan agreements entered into before 17 June 2016;
  • Updated exit …

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