Luxembourg Tax-Related Measures For 2013

On 7 November 2012, the government deposited a bill of law with the Luxembourg Parliament introducing the tax-related measures formerly announced. Subject to amendments which may be made during the legislative procedure, the proposed amendments will in principle apply as from 1 January 2013. An updated newsletter will be published when the law is adopted. 

1. Increase of the minimum tax for Soparfis 

At the same time the minimum tax to be paid by Soparfis shall be increased from 1,500 euros to 3,000 euros (plus the solidarity surcharge of 7%). The overall tax shall henceforth be 3,210 euros. 

The minimum taxation will be due by each entity regardless of whether it is part of a fiscal unity or not and certain domestic tax credits will no longer be deductible from the minimum taxation.