Luxembourg has published the Law of 26 April 2019 in the Official Gazette, which includes the measures for the 2019 Budget. The main tax measures include:
- A reduction in the standard corporate income tax rate from 18% to 17%, resulting in an effective rate of 24.94% considering the solidarity surtax of 7% and the municipal business tax of 6.75% in Luxembourg City (business tax rate varies by municipality);
- An increase in the taxable income threshold for the reduced corporate rate of 15% fro…