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Luxembourg proposes reduction in corporate income tax rates and other changes

|Tax Alerts, Legislation & Policy, Na ...|Luxembourg, European Union
Luxembourg, European Union

  • On 17 July 2024, the Luxembourg government submitted a draft law (Draft Law) to Parliament containing certain individual income tax, corporate income tax (CIT) and fund taxation measures.
  • The proposed changes for corporate taxpayers include a reduction of the corporate income tax rates, modernization of the procedural framework for private asset management companies (sociétés de gestion de patrimoine familial or SPFs) and subscription tax exemption for certain Exchange Traded Undertakings for Col…