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Luxembourg Providing Tax-Free Aid for Small Businesses and Publishers

21 May 2020

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Approved Changes

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Luxembourg

The Luxembourg Tax Administration has announced that tax-free COVID-19 aid is being granted to small businesses, the self-employed, and publishers. For small businesses, this includes a lump-sum capital grant of EUR 12,500 if employing between 10 and 20 people and grant of EUR 5,000 if employing less than 10 people. For the self-employed, a grant of 2,500 is provided, plus additional aid of EUR 3,000, 3,500, or 4,000. For publishers, a grant of EUR 5,000 is provided per full-time equivalent journalist, up to a maximum of EUR 200,000.