Luxembourg's Ministry of Finance has issued a release announcing that the government has approved the introduction of a tax allowance of up to EUR 15,000 for the benefit of owners that reduce commercial rents during 2021 in order to help businesses still impacted by the COVID-19 pandemic. The support measure is an extension of the allowance provided for rent reduction in 2020, which is equal to twice the amount of rent reduction granted, subject to a EUR 15,000 cap for the year.