Tax planning: Luxembourg cuts corporation tax rate to 17%

13 May 2019

Following the smooth passage of a new Budget bill, Luxembourg has cut the rate of corporate income tax to 17% with immediate effect to attract more international investors, but beware the tax compliance issues for multinationals, says William Jean-Baptiste, partner at Ogier

The Luxembourg parliament has now passed the 2019 finance bill, enacted as Budget law for 2019 (loi du 26 avril 2019 concernant le budget des recettes et des dépenses de l'Etat pour l'exercice 2019) which will bring in tax cuts for business.

One of the most interesting measures is a decrease in the corporate income tax rate, as promised in the government's coalition agreement for the period 2018-2023 after the 2018 general election.

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