Executive summaryWith the law of 10 February 2021 (the Law), Luxembourg has introduced defensive measures towards countries listed on the European Union (EU) list of non-cooperative jurisdictions for tax purposes (the EU List). The Law disallows, under certain circumstances, the deduction of interest and royalties owed by Luxembourg corporate taxpayers to associated enterprises that are corporations established in a jurisdiction that is on Annex I of the EU List.The new provisions apply as from 1 March 2021.This Alert summarizes the provisions of the Law.Detailed discussionBackground on the EU ListThe EU published its list of non-cooperative jurisdictions for the first time...