Luxembourg Provides Allowance for Commercial Rent Reductions in 2021
Luxembourg's Ministry of Finance has issued a release announcing that the government has approved the introduction of a tax allowance of up to EUR 15,000 for the benefit of owners that reduce commercial rents during 2021 in order to help businesses still impacted by the COVID-19 pandemic. The support measure is an extension of the allowance provided for rent reduction in 2020, which is equal t…
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