Brexit: Potential tax consequences

Short Reads - Measures taken by multiple jurisdictions in an attempt to stop the spread of the corona virus (COVID-19) affect many people and businesses. Organizing and attending physical board meetings in the Netherlands or elsewhere may be challenging in these times and this may affect a company’s (Dutch) tax position. Below we discuss the potential impact of the measures and provide some preliminary practical guidance.

Short Reads - The Luxembourg Government has announced a series of measures aiming at providing tax relief for companies and self-employed individuals in order to address the adverse economic impact of the Covid-19 crisis.

Short Reads - On 25 March 2020, the Government of Luxembourg issued a press release[1] on a draft bill of law introducing certain measures in relation to interest or royalties paid or due to related entities established in a country or territory listed under the EU list of non-cooperative jurisdictions for tax purposes[2].

Short Reads - The impact of the coronavirus is strongly felt in tax matters. The Ruling Commission has set up an accelerated procedure for the ruling requests concerning the lump sum expense allowances with regard to telework.