The Luxembourg Administration of Direct Taxes has issued Circular L.I.R. no. 168/2 of 31 May 2022, which updates and replaces Circular L.G. - A no. 64 of 7 May 2018 on defensive measures in relation to non-cooperative jurisdictions. Circular L.G. - A no. 64 provided guidance on the requirement for taxpayers to declare transactions with related parties in non-cooperative jurisdictions as part of their tax return from the 2018 tax year, which is maintained Circular L.I.R. no. 168/2.
The upda…