Luxembourg: Revised draft law amending Pillar Two law

Revised draft law introduces additional amendments to initial amending draft law published in June 2024

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November 8, 2024

The government on October 31, 2024, published a revised draft law amending the Pillar Two law enacted in December 2023.

The revised draft law introduces additional amendments to the initial draft amending law published in June 2024.

The new amendments incorporate additional guidance and clarifications from the OECD administrative guidance released in June 2024, particularly relevant for securitization entities.

Next steps

The amended draft law must now go through the usual legislative process again. It is currently still expected that the amended draft law will be voted by the end of the year.

Once adopted, the amendments would apply retroactively to fiscal years beginning on or after December 31, 2023.

Read a November 2024 report prepared by the KPMG member firm in Luxembourg

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