Executive summary
On 30 March 2020, a draft law (Draft Law) aimed at disallowing, under certain circumstances, the deduction of interest and royalties paid or owed by Luxembourg corporate taxpayers to associated enterprises that are corporations established in a country listed on the European Union (EU) list of non-cooperative jurisdictions for tax purposes (the EU List), was transmitted to the Luxembourg Parliament. This legislative initiative constitutes a first step by Luxembourg to implement …