Market leading insight for tax experts
View online issue

Luxembourg Budget

The Luxembourg Minister of Finance presented a tax bill to Luxembourg parliament on 13 October 2015 and the draft state budget for the year 2016 on 14 October 2015. For corporate taxpayers the most notable proposals are the abolishment of the Luxembourg IP regime with a grandfathering period of five years and the introduction of a reduced net wealth tax rate for net wealth in excess of €500m. In addition the corporate minimum tax rules will change. In his speech the Minister of Finance also mentioned again the planned tax reform for 2017 that should result in lower tax rates and a broadening of the tax base. No further details for the tax reform 2017 are available at the moment.

Abolishment and grandfathering of the Luxembourg IP regime: Following up on BEPS Action 5 which sets out the modified nexus approach to be applied...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.