Luxembourg Publishes Law Providing Allowance for Commercial Rent Reductions in 2021
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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