On 11 December 2024, the Luxembourg Parliament approved two legislative proposals containing certain individual income tax, corporate income tax, net wealth tax and fund taxation measures.The proposed changes for individual taxpayers include a number of measures to alleviate the tax burden on households and to increase the attractiveness of Luxembourg as a workplace.1Although some formal legal steps still need to be taken before the proposals become law, these steps are expected to occur before year-end. On 11 December 2024, the Luxembourg Parliament adopted legislation that will affect individual taxpayers and employers.The new legislation enhances the existing profit-sharing regime (referred to as...