Luxembourg Tax Authorities

Brexit and asset management: the Luxembourg transfer pricing perspective

The asset management industry in the United Kingdom is the one of the biggest in the world, while Luxembourg is often cited as a key jurisdiction for asset management too, being the largest fund domicile in the EU. At present, although the Brexit negotiations between the UK and EU seem to be at a standstill, many leading asset management firms are planning fo […]
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New court decision shows importance of updated transfer pricing documentation

In a recent court case[1] about transfer pricing for interest rates on intra-group loans, the court ruled in favor of the Luxembourg Tax Authorities (LTA). The LTA had challenged the 12% interest rate payouts of the Luxembourg company (LuxCo), which were considered to deviate from the arm’s length principle. The excessive interest was requalified as hidden div […]
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