Like many other European states, Luxembourg took, and is still about to take, many unprecedented support measures for the real economy strongly affected by COVID-19. Luxembourg recently adopted the law of 3 April 2020 on the provision of aid to undertakings in temporary financial difficulties and the law of 18 April 2020 on the guarantee regime for the Luxembourg economy in the course of the COVID-19 outbreak.
BCC has taken the lead to translate the Luxembourg law implementing DAC6 into English.
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On 7 May the Tax Working Group of the British Chamber of Commerce for Luxembourg organised a Luxembourg Tax Update LIVE Webinar: “All You Need To Know (From Home): Hear It From The Experts”. In the event the panellists highlighted the main tax measures the Luxembourg Government has introduced for individuals and companies, and covering Personal Taxation, VAT and Corporate Taxation. In this article the Tax Working Group summarises the points covered in the Webinar: