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Luxembourg 2017 Tax Reform Legislation Submitted to Parliament

02 August 2016

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Proposed Changes

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Luxembourg

The Luxembourg government has submitted the 2017 tax reform legislation to parliament. In addition to the measures {News-2016-07-20/P/4- previously covered}, other key measures of the reform include: The proposed limit on the amount taxable income that may be offset by carried forward losses is abandoned, but the 17-year limit for carry forwards is maintained; The availability of investment tax credits is expanded to investments made in other EU/EEA Member States; The investment tax credit for assets approved for the special depreciation regime is increased from 8% to 9%; The tax credit for hiring of unemployed persons is extended through 2019;...