On 14 December 2016, the Luxembourg parliament reportedly approved the legislation to implement the tax reform measures for 2017 (Law No. 7020). Some of the main reform measures are summarized as follows:
Reduced Corporate Tax Rates
- The standard corporate tax rate is reduced from 21% to 19% in 2017 and to 18% in 2018; and
- The reduced corporate tax rate for small businesses is reduced from 20% to 15%, and the threshold for the reduced rate is increased from EUR 15,000 to EUR 25,000 in taxab…