On 27 December 2016, the Luxembourg 2017 tax reform and budget laws were published in the Official Gazette. In addition to the tax reform measures introduced in Law 7020 ({News-2016-12-20/A/6- previous coverage}), certain other tax measures are introduced in Law 7050 along with the actual budget provisions.
The main measure is the addition of Article 56bis to the Luxembourg Income Tax Law, which clarifies and strengthens the rules for the determination of the arm's length based on the OEC…