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Budget 2011 – corporate income tax (details)

|Proposed Changes|Luxembourg
Luxembourg

On 5 May 2010, the government submitted Budget Bill No. 6130 to parliament. The most important details regarding corporate income tax, which would apply as from 1 January 2011, include:

-   an increase of the surcharge for the employment fund from 4% to 5%. As a result, the combined tax rate for Luxembourg city would increase from 28.59% to 28.8%;
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