Luxembourg Parliament Considers Bill to Provide Income Tax Credit for Investments in Innovative Start-Ups

The Luxembourgish Parliament (Chambre des Deputes) April 4 accepted for consideration Bill No. 8526, to amend the Income Tax Law of Dec. 4, 1967, to provide a new income tax credit for investments in innovative start-ups. The bill includes measures to: 1) introduce a non-refundable income tax credit for private angel investors making investments in innovative start-ups that are small and medium-sized enterprises (SMEs); 2) limit the credit to 20 percent of the investment amount, capped at 100,000 euros (US$112,374) per tax year, and allow carryforward of excess amounts to the subsequent tax year; 3) require that the start-up have ...