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ARTICLE · 02 DECEMBER 2021

Insights November 2021

Atoz Tax Advisers
Atoz Tax Advisers
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Atoz Tax Advisers

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2021 is already coming to an end and 2022 is just around the corner. Some major events have certainly stamped 2021, such as the continued existence of COVID-19, COP26 and, in the tax world, agreement on Pillars One and Two.

LuxembourgTax
Jérémie Schaeffer
Jérémie Schaeffer
Herve Precigoux
Herve Precigoux

Greetings!

2021 is already coming to an end and 2022 is just around the corner. Some major events have certainly stamped 2021, such as the continued existence of COVID-19, COP26 and, in the tax world, agreement on Pillars One and Two. From a tax and legal point of view, what happened in 2021 will also frame 2022.

On 13 October 2021, the draft 2022 budget law was presented to the Luxembourg Parliament. It does not include any corporate tax reforms. Only individual tax measures and minor adaptations/corrections of existing tax provisions were proposed. Nonetheless, the Prime Minister announced a property tax reform within the next 12 months. We will describe and explain the draft 2022 budget law measures.

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