/Tag:luxembourg

LUXEMBOURG IS DEAD!

On 29 th of February 2016, the Luxembourg government announced a new set of tax measures to be implemented by 2017. The measures will amend the corporate and personal taxation regime. The following amendments in Luxembourg tax legislation may harm the status of Luxembourg as an attractive destination for high net worth individuals: • The individual [...]

Luxembourg Announces Tax Amnesty Plan

Luxembourg has recently announced its first tax amnesty plan for undeclared income. The temporary tax amnesty scheme for 2016-2017 aims at “laundering” tax evaders and regulating “assets and income held by persons with tax residence in Luxembourg.” According to the current Luxembourg legislation, sanctions for a willful tax fraud and evasion include (i) a fine of [...]

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