Luxembourg: Overview of certain tax developments for 2024

Main tax measures that could be of importance for 2024

Main tax measures that could be of importance for 2024

The KPMG member firm in Luxembourg has prepared an overview of the main tax measures that could be of importance for 2024 and what is in the pipeline for the years to come.

Topics covered include:

  • Corporate tax
    • Global minimum tax bill effective 31 December 2023 (Pillar Two)
    • New investment tax credit
    • New UK-Luxembourg income tax treaty
    • Public country-by-country (CbC) reporting
    • Additional transfer pricing documentation
  • Individual (personal) income tax and teleworking
    • Draft bill on tax brackets—Individual tax schedule will evolve as from 2024
    • Teleworking with Germany
  • Value added tax (VAT)
    • New reporting obligations on payment services providers
    • Increase in VAT rates
    • Director’s fees
  • Environmental, social and governance (ESG) updates
  • EU developments

Read the December 2023 report




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