The main tax-related provisions of the Bill of Law N° 7200 (“Bill”) as laid out below in more detail include inter alia:
- Changes to the capital gains tax treatment of business restructurings;
- Improvements to the investment tax credit system;
- Extension of the VAT exemption under Article 44, 1, d) of the Luxembourg VAT law to the management of collective internal funds held by a life-insurance undertaking;
- Introduction of 3 assessment options for resident spouses/partners;
- Extension of the inheritance tax exemption to spouses/partners without common descendants; and
- Amendment to the procedure of exchange of information upon request in tax matters further to the Court of Justice of the European Union (“CJEU”) Berlioz case law (C-682/15).
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