Samantha Schmitz-Merle Pierre Gramegna, Luxembourg Finance Minister, announced on March 3 2015 that Luxembourg will amend its intellectual property (IP) exemption regime by 2016 to bring it in line with the so-called 'modified nexus approach', as approved by the G20 and the OECD in February 2015. The amendment of the existing rules will have no retroactive effect on existing IP structures: Luxembourg taxpayers with an IP structure in Luxembourg which benefit from the existing regime will be granted a transitory period ending on June 30 2021 during which they will still be able to benefit from the current regime (grandfathering rule). A draft law is expected to be released in the course of this year.
April 27 2015