Alert regarding a circular issued by the Luxembourg tax authorities regarding the VAT deduction right. The Luxembourg VAT authorities impose the direct allocation and special prorata methods based on allocation keys other than that based on turnover. This change is applicable as from 2013.
The tightness of many EU Member States’ budgets doesn’t leave much room for manoeuvre. To finance their budgets, many countries rely on indirect taxes. The 2013 Ernst & Young report, “Indirect Tax in 2013” has found that the trend...
Following Luxembourg’s adoption of a Law in March 2013 on administrative cooperation between EU Member States in the field of taxation, Luxembourg also announces automatic exchange of information on interest payments as of 2015.
From July 2013, non-EU managers will no longer be able to raise capital from European investors as they did in the past. This Q&A answers some of the key questions asked by non-EU managers about raising capital from EU investors in the future.