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Luxembourg Publishes Budget Law for 2019

29 April 2019

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Approved Changes

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Luxembourg

Luxembourg has published the Law of 26 April 2019 in the Official Gazette, which includes the measures for the 2019 Budget. The main tax measures include: A reduction in the standard corporate income tax rate from 18% to 17%, resulting in an effective rate of 24.94% considering the solidarity surtax of 7% and the municipal business tax of 6.75% in Luxembourg City (business tax rate varies by municipality); An increase in the taxable income threshold for the reduced corporate rate of 15% from EUR 25,000 to EUR 175,000 in taxable income, with tax set at EUR 26,250 plus 31% of...