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By Hélène CREPIN and Charlotte STEFFEN, EY Luxembourg *
Between 2012 and 2022, the Luxembourg tax authorities (LTA) have witnessed a remarkable increase in exchange of information. In 2022, the LTA handled 1,038 requests for exchange of information, spontaneous exchanges and notifications(1) from other jurisdictions compared to just 592 in 2012.(2) With requests almost doubling in 10 years, this highlights the expanding role of the LTA in administrative cooperation in the field of direct taxation. Clearly, this development has consequences for Private Equity houses establishing their holding platform in Luxembourg as they may find themselves affected by the various forms of administrative cooperation between States.
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