Budget for 2013 presented to parliament

On 2 October 2012, the 2013 Budget was presented to the parliament. The most important tax features, which will generally apply from 1 January 2013, are described below.
Companies
(a) Tax rate
The surcharge for the employment fund will be increased by 2%. For companies the rate will, therefore, be increased from 5% to 7%. As a result, the total tax for Luxembourg City, including the municipal surcharge, will increase from 28.80% to 29.22%.
(b) Minimum corporate income tax
A mini…