Tax rulings granted prior to 2015 no longer valid

Today, the 2020 budget draft law was submitted by the Luxembourg Minister of Finance to the Luxembourg Parliament.

One of the tax measures of the 2020 budget draft law aims to limit the period of validity of advanced tax agreements (“ATA”) which were granted before the current ATA procedure (the “Current ATA Procedure”) was introduced by the law of 19 December 2014 (i.e. tax rulings granted prior to 1 January 2015).