Luxembourg’s parliament has passed measures that deny a tax deduction of interest and royalties to entities in ‘non-cooperative’ jurisdictions.

The draft law’s entry into force has been postponed from 1 January to 1 March 2021.

This postponement means that its scope of application may evolve in the coming weeks following the update of the EU list of non-cooperative jurisdictions which is expected to take place next month.

Currently, the following 12 jurisdictions on the EU’s tax blacklist will be affected: American Samoa, Anguilla, Barbados, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and ...