On 1 October 2008, the government submitted the Budget Bill for 2009 and a Bill on various new tax measures to parliament. The most important corporate tax measures are summarized below. All measures are expected to be effective from 1 January 2009, if the Bills are timely adopted by parliament. For individual tax measures. Tax rate The corporate income tax would be reduced from 22% to 21%. Consequently, the aggregate effective rate for Luxembourg City, including the surcharge and municipal business tax would become 28.59%. This reduction is in line with an earlier announcement to reduce the aggregate tax rate...