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.