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ARTICLE · 11 JANUARY 2024

2024 Tax Forecast

Atoz Tax Advisers
Atoz Tax Advisers
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Atoz Tax Advisers

Atoz Tax Advisers

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On 19 December 2023, the law introducing a major reform of the current investment tax credit ("ITC") framework was passed and will be applicable with effect as from tax year 2024.

LuxembourgTax
Olivier Remacle
Olivier Remacle
Marie Bentley
Marie Bentley

OUR INSIGHTS AT A GLANCE

  • Various tax measures such as the major reform of the current investment tax credit framework and the adjustment of income tax scales will be applicable as from tax year 2024.
  • In the 2023-2028 coalition agreement of the recently elected Luxembourg government, various measures related to income taxes, subscription tax, housing, the modernisation of tax administration and the tax procedure were announced.
  • The new double tax treaty between Luxembourg and the UK as well as the new protocol to the double tax treaty between Luxembourg and Germany are on the way to be soon applicable.

Luxembourg Income Tax Measures

  • Investment tax credit regime to be modernised as from 2024

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