Luxembourg publishes draft legislation on implementation of the EU Minimum Tax Directive

11 August 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, BEPS 2.0|Luxembourg

The Luxembourg government has sent to Parliament a legislative proposal (Draft Law) for transposition into domestic law of the European Union (EU) Directive of 14 December 2022 on minimum taxation.
The Draft Law introduces a Qualified Domestic Minimum Top-up Tax (QDMTT) and contains Transitional Safe Harbor rules.
The Income Inclusion Rule (IIR) and QDMTT will be applicable for fiscal years starting on or after 31 December 2023, while the Undertaxed Payment Rule (UTPR) generally applies for fiscal…

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