|
By Oliver R. HOOR and Samantha SCHMITZ-MERLE, Atoz *
I. Introduction
On 26 July 2016, the draft law on the 2017 tax reform (the “Draft Law”) was presented to the Luxembourg Parlia-ment. The Draft Law provides for a variety of tax measures that concern the tax treatment of both corporate taxpayers and individuals which should enter into force as from 1 January 2017 (with few exceptions).
The measures included in the Draft Law are broadly in line with the announcements made by the Luxembourg Govern-ment in February and April this year albeit some measures evolved over time. In particular, the limitation on the carry-forward of tax losses is less restrictive than previously announced. While it cannot be excluded that the one or the...
|