On 18 December 2018, the Luxembourg parliament voted to approve Bill No. 7318, which includes measures for the implementation of the EU Anti-Tax Avoidance Directive (ATAD). Although the final version of the bill is generally in line with the initial draft, some adjustments were made for clarification. The measures are summarized as follows:
Interest Deduction Restriction
New interest deduction restriction rules are introduced that limit the deduction of net interest expense to 30% of EBI…