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Luxembourg Publishes Law Providing Allowance for Commercial Rent Reductions in 2021

|Approved Changes|Luxembourg
Luxembourg

Luxembourg has published the Law of 21 June 2021 in the Official Gazette, which formally provides for 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 allowance was announced by the Ministry of Finance earlier in the year and is an extension of the …

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