author_orbitax
Orbitax

Share This Article

Luxembourg Government Adopts Tax Reform Plans for 2017

20 July 2016

|

Proposed Changes

|

Luxembourg

The Luxembourg government has reportedly adopted its final tax reform plans for 2017. The main measures include: Reducing the standard corporate tax rate from 21% to 19% in 2017 and to 18% in 2018; Reducing the reduced corporate tax rate for small businesses from 20% to 15%, and raising the threshold for the reduced rate from EUR 15,000 to EUR 25,000 in taxable income; Increasing the fixed minimum net wealth tax from EUR 3,210 to EUR 4,815 that applies for specific resident investment vehicles if financial assets exceed 90% of the total balance sheet in a given year and such...