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ARTICLE · 27 NOVEMBER 2020

Insights - November 2020

Atoz Tax Advisers
Atoz Tax Advisers
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Atoz Tax Advisers

Atoz Tax Advisers

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The last couple of months have been atypical and unprecedented, evolving in ways none of us could have imagined. Public health and economic development concerns have become the most important priority across the world.

LuxembourgTax
Atoz Tax Advisers
Atoz Tax Advisers

Greetings,

The last couple of months have been atypical and unprecedented, evolving in ways none of us could have imagined. Public health and economic development concerns have become the most important priority across the world. Luxembourg is no exception, recently recognising that now is not the right time to increase taxes and/or perform big tax reforms.

A number of recent news items are summarised below and described in more detail in this newsletter.

On 14 October 2020, the 2021 budget draft law was presented to Parliament. The draft budget introduces a number of important tax measures, some of which were already announced in the 2018 coalition agreement: changes in the taxation of Luxembourg real estate investments held by investment funds, repeal of the "warrant" regime, reform of the impatriate regime and introduction of a reduced rate of subscription tax for sustainable funds.

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