On 14 December 2016, the Luxembourg parliament reportedly approved the legislation to implement the tax reform measures for 2017 (Law No. 7020). Some of the main reform measures are summarized as follows:

Reduced Corporate Tax Rates

• The standard corporate tax rate is reduced from 21% to 19% in 2017 and to 18% in 2018; and
• The reduced corporate tax rate for small businesses is reduced from 20…