On 29 February 2016, the Luxembourg government announced its tax reform plans for 2017. One of the key measures is a cut in the standard corporate tax rate from 21% to 19% in 2017 and to 18% in 2018. In addition, Luxembourg plans to cut the reduced corporate tax rate for small businesses from 20% to 15%, and raise the threshold for the reduced rate from EUR 15,000 to EUR 25,000 in taxable income.
Other planned measures include:
- Increasing the fixed minimum net wealth tax from EUR 3,210 to E…