Advance tax agreements issued before 1 January 2015 will cease to apply at the end of the 2019 tax year.
Luxembourg has increased the minimum statutory paid leave. It has also added a new statutory public holiday.
In any tax system, a high level of certainty is required for both ease of tax administration and the efficient collection of tax liabilities. Likewise, for companies and their stakeholders, domestic and international tax-related certainty is a fundamental goal. The UK’s EU referendum and potential exit from the European Union represent serious threats to this desired stability. And the biggest challenge businesses will face from a potential “Brexit” will be negotiating the resulting uncertainty.
This week's Global Glance looks at a sweet M&A announcement: Krispy Kreme is to be acquired by a Luxemburg-based investment group. It could be a marriage made in culinary heaven.
Luxembourg periodically increases the wages of all employees in line with the cost of living, regardless of salary rate. The last indexation increase was in October 2013. The Luxembourg Central Bank has indicated that it expects the next indexation increase will be in Quarter 1 of 2016 at a forecasted rate of 2.5%.
If approved by Parliament, the measures will be effective from January 1, 2015