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Tax cuts are being discussed in Luxembourg

Tax cuts are being discussed in Luxembourg

The bill, which contains tax cuts, was published on July 17. It is proposed to reduce the corporate tax rate from 17% to 16%. And also reduce the tax rate for income not exceeding 175,000 euros from 15% to 14%.

And the combined consolidated rate for companies established in Luxembourg may decrease from 24.94% to 23.87%.

The reduction will be available for tax years beginning on or after January 1, 2025.

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