jueves, 10 de marzo de 2016

Luxembourg announces changes that would decrease corporate income tax rate and increase personal tax rate

Luxembourg Finance Minister Pierre Gramegna on February 29, 2016, announced changes to Luxembourg's corporate and personal tax systems that are planned for 2017. The changes are the result of extensive discussions over the previous 18 months, and relate to possible reforms of the Luxembourg tax system.  The changes include a reduction of the corporate income tax rate from 21% to 18% in two steps and an increase in the personal tax rates for individuals earning more than EUR 150,000.
These measures, which are planned to take effect progressively beginning on January 1, 2017, are likely to be included in a bill that could be voted on by the Luxembourg Parliament later this year.
Source & more info: PwC

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