Luxembourg Publishes Legislation Implementing Anti-Hybrid Rules, Abolishing IP Regime, Amending Alternative Minimum Tax and other Measures

On 23 December 2015, Luxembourg published legislation implementing a number of measures as approved by parliament on 17 December 2015. The main measures are summarized as follows.

Anti-Hybrid and Anti-Abuse

Amendments to the EU Parent-Subsidiary Directive are incorporated into domestic law concerning the participation exemption. Under the rules, the participation exemption provided for in the Directive will not be granted if:

• A profit distribution made by a subsidiary to its parent compan…