Why should Luxembourg not be included on the Belgian list of tax havens?
The Belgian government based this decision on a 2009 law without taking into account recent developments and changes in European and Luxembourg legislation.
Despite Luxembourg failing to pass the OECD transparency test in 2013, the Global Forum on Transparency and Exchange of Information for Tax Purposes is currently re-evaluating its decision. Luxembourg has taken a series of legislative and practical measures and is committed to the fullest compliance with European and international tax laws. On 1 January 2015, Luxembourg introduced the automatic exchange of information on EU residents’ income savings.
Luxembourg is also an early adopter of the Common Reporting Standard of the OECD. Reportable income from 2016, including all types of investment income such as interest, dividends, specific insurance contracts, annuities and account balances, will be reported in 2017.Return to fact list