Luxembourg Budget for 2019 Tabled in Parliament Including Corporate Rate Cut

On 5 March 2019, Luxembourg Finance Minister Pierre Gramegna tabled in the Chamber of Deputies the Budget for 2019. The main tax measures of the budget include:

• A reduction in the corporate income tax rate from 18% to 17%;
• An increase in the threshold for the reduced corporate rate of 15% for smaller businesses from EUR 25,000 to EUR 175,000;
• The transposition of the option under the EU Anti-Tax Avoidance Directive to allow companies under the tax consolidation regime to apply the 30% of EBI…