Recent Developments in Luxembourg

As a key financial hub in Europe, Luxembourg is always at the forefront of significant business developments. With recent developments in Luxembourg over the past two weeks, the Grand Duchy has witnessed several noteworthy events and updates that highlight its dynamic business
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Luxembourg Shelf Company

Unlocking Business Potential: A Guide to a Luxembourg Shelf Company Why Luxembourg? Luxembourg, often referred to as the heart of Europe, offers a strategic location, political stability, and a business-friendly environment. It’s no wonder that this small yet influential country is a
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CRS Jurisdictions Luxembourg

CRS Reportable and Participating Jurisdictions for Luxembourg On 19 April 2024, a Grand Ducal Decree on CRS was published in the Official Gazette. The Grand Ducal Decree dated 18 April 2024 amends the previous Grand Ducal Decree dated 23 December 2022 and
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Uber to launch in Luxembourg from mid-June

Luxembourg travellers will be able to book a taxi through their Uber app from June, marking the end of a long wait for the ride-sharing service to set foot in the Grand Duchy. The entry of the global taxi giant into the
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Luxembourg UCI assets

Luxembourg’s market regulator said that investment funds in the country witnessed a 1.7% increase in net assets in March, continuing a trend observed over the past six months, with total net assets reaching €5.585trn as of 31 March 2024. The Luxembourg Financial
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Luxembourg-based L’Occitane buyout

Skin-care company’s majority owner seeks to take company private in plan valuing company at €6B Reinold Geiger, the billionaire owner of Luxembourg-based L’Occitane International SA, wants to take the skin-care company private in a move that could end its 14-year run on
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Luxembourg – Corporate Taxes Summary

Luxembourg taxes its corporate residents on their worldwide income and non-residents only on Luxembourg-source income. Businesses with taxable income lower than 175,000 euros (EUR) are subject to corporate income tax (CIT) at a rate of 15%. Businesses with taxable income between EUR 175,000
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Luxembourg Tax credits for digital companies

Brief Summary From 1 January 2024 onward, investment tax credits will change in the following ways: Detailed Look On 19 December 2023, the Luxembourg Chamber of Deputies adopted a law to modernize the current investment tax credit; it will take effect 1
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Luxembourg Double Tax Treaty Network

Individual – Foreign tax relief and tax treaties Last updated – 08 January 2024 Foreign tax relief Foreign income received by residents that is subject to a tax equivalent to Luxembourg income tax and is not exempted by a DTT is granted
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