www.ey.com Open in urlscan Pro
2620:1ec:bdf::40  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to content

EY Logo
 * Insights
   * Technology
   * Transformation
   * Long-term value
   * Sustainability
   * Trust
   * Purpose
 * Services
   * Strategy by EY-Parthenon
     * Digital strategy consulting
     * Commercial strategy consulting
     * More about EY-Parthenon
     * Strategy consulting services
     * Corporate and growth strategy
     * Transaction strategy and execution
     * Restructuring and turnaround strategy
   * Consulting
     * Customer experience
     * Cyber Risk, Compliance and Resilience Services
     * Data and decision intelligence
     * Risk consulting services
     * Supply chain and operations
     * Technology leaders’ agenda
     * Transformation EQ
     * Transformation Platform
   * People and workforce
     * Change management and experience services
     * HR Transformation Services
     * Integrated workforce mobility
     * Learning and development consulting
     * Recognition and reward advisory
     * Workforce analytics
   * Transactions and corporate finance
     * Value creation, preservation and recovery
     * Corporate finance
     * Divestment strategy: sell and separate
     * Sustainability and ESG Services
     * M&A Advisory | Buy and Integrate
     * M&A integration
     * Connected Capital Technologies: M&A technology solutions
     * Advanced analytics
     * Capital allocation
   * Assurance
     * Technology Risk
     * Audit
     * Climate change and sustainability services
     * Financial accounting advisory services
     * Forensic and Integrity Services
     * Private client audit experience
     * Long-term value metrics creation
     * IFRS
   * Tax
     * Tax planning
     * Tax operating model strategy and transformation | EY – Global
     * Tax policy and controversy
     * Global trade
     * Global tax reform
     * Tax compliance
     * Transaction tax
     * Tax services: Designed for private
   * Law
     * Corporate and commercial law
     * Digital law
     * Labor and employment law
     * Legal operations
     * Transaction law
   * Technology
     * Technology Managed Services
     * EY.ai
     * Audit technology
     * Tax technology
     * Connected Capital Technologies: M&A technology solutions
     * Technology transformation
     * Alliances
   * Managed Services
     * Technology Managed Services
     * Cybersecurity Managed Services
     * Tax Managed Services
     * Financial Accounting & Corporate Reporting Managed Services
     * Sustainability Managed Services
     * Risk Managed Services
     * Legal Managed Services
   * EY Private
     * EY Private client experience
     * EY private client audit experience service offerings
     * Tax services: Designed for private
     * Family enterprise
     * IPO
     * Entrepreneurship
   * EY Sustainability
     * Climate change and sustainability services
     * Sustainable finance
     * ESG strategy services
     * Supply chain transformation
     * Sustainability tax services
     * Legal services
     * Global renewables
     * Climate and decarbonization
     * Environment, Health and Safety
 * Industries
   * Advanced manufacturing and mobility
     * Aerospace and defense
     * Automotive
     * Chemicals and advanced materials
     * EY-Nottingham spirk innovation hub
     * Future mobility
     * Industrial products
     * Mobility lens suite
     * Transportation
   * Consumer products
     * Consumer products
     * Retail
     * The future consumer
     * Sustainability
   * Energy and resources
     * Mining & Metals – Our latest thinking
     * Oil & Gas – Our latest thinking
     * Power and utilities
     * Strategy consulting
   * Financial services
     * Banking and capital markets
     * Insurance
     * Wealth and asset management
     * Sustainable finance
     * Fintech and ecosystems
   * Government and infrastructure
     * Data and technology
     * Education
     * Human services
     * Infrastructure
     * Public finance management
   * Private equity
     * Private equity value creation services
     * Exit readiness
     * PE deal origination
     * Digital in private equity
   * Health
     * Life Sciences
     * Health
   * Technology, media & entertainment, and telecommunications
     * Technology, media & entertainment, and telecommunications
     * Technology sector
     * Telecommunications sector | Insights, surveys & services
     * As-a-service business operations and transformation
     * TMT business resiliency suite
     * Future network now
     * Capital operations and innovation suite (COInS)
 * Careers
   * What you can do here
     * Careers in Tech
     * Careers in Core Business Services
     * Careers in Assurance
     * Careers in Consulting
     * Careers in EY-Parthenon
     * Careers in Strategy and Transactions
     * Careers in Tax
     * Careers in People Advisory Services
     * Careers in Financial Services
     * Careers in Global Delivery Services
   * What it's like to work here
     * Diversity, equity and inclusiveness
     * Personalized career development
     * Flexibility and mobility
     * People stories
   * How to join us
     * How we hire
     * Interview tips
     * What we look for
   * Job search
     * Job search
     * Students and entry-level
     * Contract opportunities
     * Talent community
 * About us
   * Our purpose
   * Newsroom
   * Our values
   * Our people
   * Locations
   * Connect with us
   * Alumni

Back


INSIGHTS

Read More Read Less

Asking the better questions that unlock new answers to the working world's most
complex issues.

Read More Read Less
Explore

TRENDING TOPICS

Read More Read Less


See more

Read More Read Less

See more

Read More Read Less

SPOTLIGHT

Read More Read Less

AI insights

CEO agenda

CFO agenda

EY Center for Board Matters

EY podcasts

EY webcasts

Operations leaders

Technology leaders

See more


Read More Read Less


Back


SERVICES

Read More Read Less

EY helps clients create long-term value for all stakeholders. Enabled by data
and technology, our services and solutions provide trust through assurance and
help clients transform, grow and operate.

Read More Read Less
Explore


See more

Read More Read Less

SPOTLIGHT

Read More Read Less

EY.ai - A unifying platform

Strategy, transaction and transformation consulting

Technology transformation

Tax function operations

Climate change and sustainability services

EY Ecosystems

EY Nexus: business transformation platform

Read More Read Less


Back


INDUSTRIES

Read More Read Less

Discover how EY insights and services are helping to reframe the future of your
industry.


Read More Read Less
Explore


See more

Read More Read Less

CASE STUDIES

Read More Read Less

Workforce

How Microsoft built a new mobility model for cross-border talent

13 May 2024EY Global

Private equity

How GenAI is empowering talent at a PE-backed consumer brand

08 May 2024EY Global

Strategy and Transactions

How carve-outs positioned an automotive giant for future growth

11 Apr 2024EY Global



--------------------------------------------------------------------------------

See all

Read More Read Less

Back


CAREERS

Read More Read Less

We bring together extraordinary people, like you, to build a better working
world.

Read More Read Less
Explore


See more

Read More Read Less

SPOTLIGHT

Read More Read Less

Experienced professionals

EY-Parthenon careers

Student and entry level programs

Talent community

Read More Read Less


Back


ABOUT US

Read More Read Less

At EY, our purpose is building a better working world. The insights and services
we provide help to create long-term value for clients, people and society, and
to build trust in the capital markets.

Read More Read Less
Explore


See more

Read More Read Less

TOP NEWS

Read More Read Less

Press release

Vellayan Subbiah from India named EY World Entrepreneur Of The Year™ 2024

06 Jun 2024Eric J. Minuskin

Press release

Startup World Cup – 10 startups will be pitching for their ticket to Silicon
Valley

06 May 2024Julien Delpy




Search
search



close
search
See all results for ' '

No results have been found

Topics

See All

General

See All

People

See All

Recent Searches

Trending

 * How can you shape your IPO with confidence?
   
   The EY Global IPO Trends Q3 2024 covers the news and insights on the global,
   area and regional IPO markets for Q3 and year-to-date 2024. Find out more.
   
   25 Sep 2024 Private business

 * How can the moments that threaten your transformation define its success?
   
   Leaders that put humans at the center to navigate turning points are 12 times
   more likely to significantly improve transformation performance. Learn More.
   
   15 Apr 2024 Consulting

 * Artificial Intelligence
   
   EY.ai - a unifying platform
   
   16 Nov 2023 AI

My EY My EY

Luxembourg English

Select your location

close

LuxembourgEnglishdone
GlobalEnglish
Local sites
AlbaniaEnglish
AlgeriaEnglish
AngolaEnglish
Angolaportuguês
Argentinaespañol
ArmeniaEnglish
ArubaEnglish
AustraliaEnglish
AustriaDeutsch
AzerbaijanEnglish
BahamasEnglish
BahrainEnglish
BangladeshEnglish
BarbadosEnglish
BelgiumEnglish
BelgiumNederlands
Belgiumfrançais
BermudaEnglish
Boliviaespañol
Bosnia-HerzegovinaEnglish
BotswanaEnglish
BrazilEnglish
Brazilportuguês
British Virgin IslandsEnglish
BruneiEnglish
BulgariaEnglish
Bulgariaбългарски
CambodiaEnglish
CameroonEnglish
CanadaEnglish
Canadafrançais
Cayman IslandsEnglish
Central AmericaEnglish
Costa RicaEnglish
NicaraguaEnglish
HondurasEnglish
GuatemalaEnglish
El SalvadorEnglish
PanamaEnglish
Dominican RepublicEnglish
ChadEnglish
Channel IslandsEnglish
Chileespañol
ChinaEnglish
China中文
Central Americaespañol
Costa Ricaespañol
Nicaraguaespañol
Hondurasespañol
Guatemalaespañol
El Salvadorespañol
Panamaespañol
Dominican Republicespañol
Colombiaespañol
CongoEnglish
CroatiaEnglish
Croatiahrvatski
CuracaoEnglish
CyprusEnglish
Czech RepublicEnglish
Czech Republicčeština
Democratic Republic of the CongoEnglish
DenmarkEnglish
Denmarkdansk
Ecuadorespañol
EgyptEnglish
Equatorial GuineaEnglish
EstoniaEnglish
Estoniaeesti
FijiEnglish
Finlandsuomi
Finland EnglishEnglish
Francefrançais
Francophone AfricaEnglish
GabonEnglish
GeorgiaEnglish
GermanyDeutsch
GhanaEnglish
GibraltarEnglish
GreeceEnglish
GreeceΕλληνικά
GuamEnglish
GuernseyEnglish
GuineaEnglish
GuyanaEnglish
Hong Kong SAREnglish
Hong Kong SAR中文
HungaryEnglish
Hungarymagyar
IndiaEnglish
IndonesiaEnglish
IraqEnglish
IrelandEnglish
Isle of ManEnglish
IsraelEnglish
ItalyEnglish
Italyitaliano
Ivory CoastEnglish
JamaicaEnglish
JapanEnglish
Japan日本語
JordanEnglish
KazakhstanEnglish
Kazakhstanрусский
KenyaEnglish
KoreaEnglish
Korea한국어
KuwaitEnglish
Kyrgyz RepublicEnglish
LaosEnglish
LatviaEnglish
Latvialatviešu
LebanonEnglish
LibyaEnglish
LithuaniaEnglish
Lithuanialietuvių
Macau SAREnglish
Macau SAR中文
MalawiEnglish
MalaysiaEnglish
MaldivesEnglish
MaltaEnglish
MauritiusEnglish
Mexicoespañol
Middle East and North AfricaEnglish
MoldovaEnglish
MongoliaEnglish
MontenegroEnglish
MoroccoEnglish
MozambiqueEnglish
Moçambiqueportuguês
MyanmarEnglish
NamibiaEnglish
NetherlandsEnglish
NetherlandsNederlands
New ZealandEnglish
NigeriaEnglish
North MacedoniaEnglish
NorwayEnglish
Norwaynorsk
OmanEnglish
PakistanEnglish
Palestinian AuthorityEnglish
Papua New GuineaEnglish
Paraguayespañol
Peruespañol
PhilippinesEnglish
PolandEnglish
Polandpolski
PortugalEnglish
Portugalportuguês
QatarEnglish
RomaniaEnglish
Romaniaromână
RwandaEnglish
Saint LuciaEnglish
SaipanEnglish
Saudi ArabiaEnglish
SenegalEnglish
SerbiaEnglish
Serbiaсрпски
SingaporeEnglish
Slovak RepublicEnglish
Slovak Republicslovenčina
SloveniaEnglish
Sloveniaslovenščina
South AfricaEnglish
SpainEnglish
Spainespañol
Sri LankaEnglish
SurinameEnglish
SwedenEnglish
Swedensvenska
SwitzerlandDeutsch
SwitzerlandEnglish
Switzerlandfrançais
SyriaEnglish
TaiwanEnglish
Taiwan中文
TanzaniaEnglish
ThailandEnglish
Trinidad and TobagoEnglish
TunisiaEnglish
Tunisiafrançais
Türkiye (Turkey)English
Türkiye (Turkey)Türkçe
UgandaEnglish
UkraineEnglish
Ukraineукраїнська
United Arab EmiratesEnglish
United KingdomEnglish
United StatesEnglish
Uruguayespañol
UzbekistanEnglish
Venezuelaespañol
VietnamEnglish
VietnamTiếng Việt
ZambiaEnglish
ZimbabweEnglish



LUXEMBOURG PARLIAMENT ENACTS CHANGES TO PILLAR TWO LAW

Authors

 * Bart Van Droogenbroek
   
   EY Luxembourg Partner, Tax Leader

 * Christian Schlesser
   
   EY Luxembourg Partner, International Tax and Transactions Services Leader

3 minute read 19 Dec 2024
Related topics
Tax
 * Facebook
 * Twitter
 * LinkedIn
 * Link Copied

Show resources
 * On 19 December 2024, the Luxembourg Parliament approved a legislative
   proposal1 that will amend the law dated 22 December 2023 (Pillar Two Law). 
 * While there are still some formal legal steps that need to be taken before
   the proposals become law, these steps are expected to occur before year-end.

Read More Read Less

--------------------------------------------------------------------------------

DISCUSSION

On 19 December 2024, the Luxembourg Parliament adopted legislation amending the
Pillar Two Law. The new legislation aims to incorporate, with effect for
financial years starting from 31 December 2023, clarifications and additional
provisions of the Organisation for Economic Co-operation and Development (OECD)
Guidance issued in February 2023, July 2023, December 2023 and June 2024,
without going beyond the guidance.

Among other things, the new legislation extends the scope of Excluded Entities,
adapts certain provisions related to the Qualified Domestic Top-up Tax (QDMTT)
and clarifies the application of the Transitional Country-by-Country Reporting
(CbCR) safe harbor. Additionally, it outlines Luxembourg’s choice on the Pillar
Two treatment of securitization entities. Furthermore, the legislation
implements guidance on the allocation of profits and taxes involving
Flow-through Entities and provides a framework for a more detailed
implementation (through decrees that still need to be issued) of the OECD
Guidance on deferred tax liability recapture, divergence between Global
Anti-Base Erosion (GloBE) and accounting carrying values and the allocation of
cross-border current and deferred taxes. 

Earlier in the year, Luxembourg government issued two draft decrees implementing
the OECD Guidance on tax credits and on functional currency to be used for the
Pillar Two computations. These two draft decrees have also passed the necessary
legislative steps in Luxembourg and are expected to be signed and published
before the end of the year.

NEXT STEPS

The final law and decrees are expected to be published in the Official Gazette
before year-end, with entry into effect for tax years starting on or after 31
December 2023. 

Taxpayers potentially affected by the new legislation should consult with their
tax advisors to fully understand how the change in law could affect them. 

Read More Read Less
Show references Hide references
 1. See EY Luxembourg Tax Alert, Luxembourg updates draft legislation amending
    Pillar Two Law reflecting June 2024 OECD guidance | EY Luxembourg, dated 7
    November 2024 and Luxembourg proposes changes to Pillar Two Law | EY -
    Global, dated 12 June 2024.


SUMMARY 

On 19 December 2024, the Luxembourg Parliament approved a legislative proposal 
 that will amend the law dated 22 December 2023 (Pillar Two Law). 

Read More Read Less

About this article

Authors

 * Bart Van Droogenbroek
   EY Luxembourg Partner, Tax Leader
 * Christian Schlesser
   EY Luxembourg Partner, International Tax and Transactions Services Leader

Related topics
Tax
 * Facebook
 * Twitter
 * LinkedIn
 * Link Copied




--------------------------------------------------------------------------------

EY logo
 * Connect with us
   
 * Our locations
 * My EY
 * Site map
 * Legal and privacy

Read More Read Less
 * Open Facebook profile
 * Open X profile
 * Open LinkedIn profile
 * Open Youtube profile

EY refers to the global organization, and may refer to one or more, of the
member firms of Ernst & Young Global Limited, each of which is a separate legal
entity. Ernst & Young Global Limited, a UK company limited by guarantee, does
not provide services to clients.

modal-close-button


Welcome to EY Luxembourg (EN)
You are visiting EY lu (en)
lu en

Welcome to EY.com

In addition to cookies that are strictly necessary to operate this website, we
use the following types of cookies to improve your experience and our services:
Functional cookies to enhance your experience (e.g. remember settings),
Performance cookies to measure the website's performance and improve your
experience, and Marketing/Targeting cookies, which are set by third parties,
allow us to execute marketing campaigns, manage our relationship with you, build
a profile of your interests and provide you with content or service offerings in
accordance with your preferences.


You may withdraw your consent to cookies at any time once you have entered the
website through a link in the cookie policy, which you can find at the bottom of
each page on the website in the ‘Legal and Privacy’ section.


Review our cookie policy for more information.

I decline optional cookies I accept all cookies
Customize cookies



COOKIE SETTINGS

Please provide your consent for cookie usage on ey.com and the My EY platform.
Select one or more of the cookie types listed below, and then save your
selection(s). Refer to ‘Cookie Details’ for each cookie type for details on the
cookies and their purpose.

Review our Cookie Policy for more information


MANAGE CONSENT PREFERENCES

REQUIRED/MANDATORY COOKIES

Active

These cookies are necessary for the website to function and cannot be switched
off in our systems. They are usually only set in response to actions made by you
which amount to a request for services, such as setting your privacy
preferences, logging in or filling in forms. You can set your browser to block
or alert you about these cookies, but some parts of the site will not then work.
These cookies do not store any personally identifiable information.

Cookie details‎

FUNCTIONAL COOKIES

Functional Cookies

Functionality cookies, which allow us to enhance your experience (for example by
remembering any settings you may have selected).

Cookie details‎

PERFORMANCE COOKIES

Performance Cookies

Performance cookies, which help us measure the website’s performance and improve
your experience. In using performance cookies we do not store any personal data,
and only use the information collected through these cookies in aggregated and
anonymized form.

Cookie details‎

MARKETING/TARGETING COOKIES

Marketing/Targeting Cookies

Marketing/targeting cookies, which we use to track user activity and sessions so
that we can deliver a more personalized service. Marketing cookies are set by
third parties with whom we execute marketing campaigns and allow us to provide
marketing relevant to you. If you identify yourself to us (e.g. filling out a
form/signing up to receive email updates), EY collects information about your
response to our marketing communications and your activity on this website. This
information is added to your personal marketing profile and score which is used
to measure campaign effectiveness and to provide content and offer services that
are relevant for you.

Cookie details‎
Back Button


COOKIE LIST



Search Icon
Filter Icon

Clear
checkbox label label
Apply Cancel
Consent Leg.Interest
checkbox label label
checkbox label label
checkbox label label

Save My Selection