Luxembourg: Tax relief package passed by Parliament includes tax cuts for both corporate and individual taxpayers

Parliament passed three tax bills, including the Tax Relief Package.

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December 17, 2024

Parliament on December 11, 2024, passed three tax bills, including the Tax Relief Package, introducing several tax cuts and clarifications for both corporate and individual taxpayers.

For corporate taxpayers and investment funds:

  • Reduction of the corporate income tax rate by 1%
  • Rework of the minimum net wealth tax
  • Possibility to waive the participation exemption regime
  • Subscription tax exemption for active exchange traded funds (ETFs)
  • Clarifications on the application of interest limitation rules and the operations qualifying as partial liquidations

Read a December 2024 report prepared by the KPMG member firm in Luxembourg
 

For individual taxpayers:

  • Several tax cuts for households and employees as part of the Tax Relief Package

Read a December 2024 report prepared by the KPMG member firm in Luxembourg

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