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Luxembourg Parliament enacts corporate income tax reduction and other changes affecting corporate taxpayers

|Tax Alerts, Legislation & Policy, National/Federal Taxation, Global|Luxembourg
Luxembourg
  • On 11 December 2024, the Luxembourg Parliament approved two legislative proposals1that will affect corporate taxpayers.
  • Although some formal legal steps still need to be taken before the proposals become law, these steps are expected to occur before year-end.
 

Executive summary

On 11 December 2024, the Luxembourg Parliament adopted legislation amending, among other things, the Corporate Income Tax (CIT) Law and the Net Wealth Tax (NWT) Law.

Amendments affecting CIT

The CIT rate is reduced by 1%,…

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