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Luxembourg

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Tax authorities

Administration des Contributions Directes
16, rue Eugène Ruppert
Luxembourg Gaasperech 00352
Tel: +352 40 800-1
Fax: +352 40 800-2022
Website: www.impotsdirects.public.lu

Tax rates at a glance

(As of July 2013)

Corporate income tax 21%
Capital gains 0%
Branch tax 21%
 
Withholding tax
Dividends 15%
Interest 0%
Royalties 0%
Branch remittance tax
 
Net operating losses (years)
Carryback
Carryforwards indefinitely

Source: Tax advisers from ATOZ – Taxand

Luxembourg

Sebastien Labbe and Santiago Fernandez
KPMG
Luxembourg

A number of tax changes were introduced in Luxembourg in 2013. Sebastien Labbe and Santiago Fernandez of KPMG analyse these changes.

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Leading firms

"Even though there's clearly a lot of pressure on tax planning, and you'd expect Luxembourg to be suffering from this, I do not have the impression that the market or the business was slow in terms of tax work," said Christophe Joosen at NautaDutilh. ... [more]

Jean Schaffner leads Allen & Overy's tax practice in Luxembourg, and the breadth of his expertise was noted by other advisers in Luxembourg. "Jean is very much involved in everything, in all areas of the law and the market. He is among the four guys ... [more]

Despite a tier 2 position last year, Deloitte have a large practice in Luxembourg, with 21 partners and 350 fee earners, and by all accounts it is also of the highest quality. "They're always coming up with good ideas and are proactive suggesting them," ... [more]

EY

"I personally decided EY and Deloitte were the two best on the local market," said a client of EY Luxembourg. "I made it clear that I expected them to come with ideas to me, to bring good ideas, and they have both done so." As this client's appraisal ... [more]

2012 was a year of change at the top of KPMG Luxembourg, as Georges Bock moved on to become the firm's managing partner – the first time this position has been filled by a tax partner – and was replaced by Sebastien Labbe. Labbe has risen smoothly through ... [more]

Loyens & Loeff combines both an excellent reputation in the Benelux region with an unusually capacious tax team, consisting of seven partners, up from six last year.Despite this growth there was some cause for concern in 2012. Michel Lambion, among the ... [more]

PwC

PwC's strength in the Luxembourg market was attested to by many of its peers. "PwC are very strong on the asset management side, and behind KPMG are the strongest firm in the market right now," said one. Key practitioners include Valery Civilio, who ... [more]

Arendt & Medernach's tax practice assists both domestic and international clients of national and multinational corporations, industrialists and financial institutions, fund promoters, sponsors and investors in private equity and real estate transactions. ... [more]

The corporate tax team within ATOZ – Taxand is routinely praised by other firms in the Luxembourgian jurisdiction. A client declared themselves "very happy with the service we receive". The head of the practice, Keith O'Donnell, received commendation ... [more]

The experienced tax practitioners Alain Steichen and Christine Beernaerts's head Bonn Steichen's tax practice, which has expanded rapidly at the junior level in recent years. Previously a practice which, like many other law firms, had few tax specialists ... [more]

André Pesche brings a great deal of experience to the top of Baker & McKenzie's Luxembourgian tax practice. He began his career 20 years ago with PwC before leaving to join a multinational as European tax director, returning to the advisory world to ... [more]

Bonn & Schmitt have a small tax practice consisting of one partner and five fee earners, but it is highly flexible and takes on a variety of tax work across the direct corporate sector, indirect VAT work, and litigation. The practice is led by Lionel ... [more]

François-Xavier Dujardin heads the tax practice at Clifford Chance's Luxembourg office. He specialises in funds, structured finance and international tax structuring, with more than 15 years of experience as a tax expert in Luxembourg. His practice aims ... [more]

Elvinger Hoss & Prussen are a Luxembourg law firm with a tax team that advises on all the tax dimensions of M&A transactions, from complex cross-border public takeover transactions to private acquisitions. It also acts for a large number of private equity ... [more]

Linklaters offers tax expertise in corporate and M&A tax, along with advice in litigation, employment, and technology, media and telecommunications.

Much of NautaDutilh's work mirrors that which has been typical of the tax market in Luxembourg in recent years. The focus is on private equity, M&A, hedge funds and investment funds, and frequently involves dealing with distressed debt. Christophe Joosen, ... [more]

Stibbe's tax practice in Luxembourg is particularly engaged with high-end private equity clients working with influential organisations such as Oaktree Capital Management, Peakside Capital, Babson Capital, Cube Capital, Neuberger Berger, and Rhône Capital. It ... [more]

OPF Partners offers tax assistance across the direct and indirect service lines, advising on VAT, cross-border transactions, M&A, structured finance, and Luxembourg investment funds.

See also

Luxembourg
Western Europe

Firm contact details