Luxembourg Parliament Considers Bill to Increase, Expand Investment Tax Credit Provisions for Companies

The Luxembourgish Parliament (Chambre des Deputes) July 13 accepted for consideration Bill No. 8276, to increase and expand investment tax credits for Luxembourg companies from tax year 2024. The bill includes measures to: 1) increase to 12 percent the overall investment tax credit rate tranches of 8 percent and 2 percent, for investments of up to and over 150,000 euros (US$168,064), respectively; 2) increase to 14 percent the overall investment tax credit rate tranches of 9 percent and 4 percent for investments up to and over 150,000 euros, respectively, for fixed assets eligible for the special depreciation regime; 3) expand ...