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By Pierre-Régis DUKMEDJIAN, Founder, DPR Tax Law
On 17 July 2024, a new bill of law (8414) (the Bill of Law) was introduced. The Bill of Law provides for numerous amendments for companies and individuals. The Bill of Law focuses on boosting the competitiveness and attractiveness of Luxembourg by providing favorable tax measures for companies and individuals.
The main aspects of the proposed amendments of the Bill of Law are summarized below.
Provisions applicable to companies
Reduction of the corporate income tax rate
As from 2025, the Luxembourg corporate income tax rate would be reduced by 1%, in particular:
- For companies with a taxable profit...
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