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Tax Changes for 2018 Disclosed in the New Budget Bill 

by Thierry Lesage, Alain Goebel, Bruno Gasparotto, Jan Neugebauer

Published: October, 2017

Submission: October, 2017


Earlier this year, and the last time before next year’s parliamentary elections, the current Luxembourg Finance Minister presented the budget law for 2018 to the Parliament (Chambre des Députés).

The main tax-related provisions of the Bill of Law N° 7200 (“Bill”) as laid out below in more detail include inter alia:

  • Changes to the capital gains tax treatment of business restructurings;
  • Improvements to the investment tax credit system;
  • Extension of the VAT exemption under Article 44, 1, d) of the Luxembourg VAT law to the management of collective internal funds held by a life-insurance undertaking;
  • Introduction of 3 assessment options for resident spouses/partners;
  • Extension of the inheritance tax exemption to spouses/partners without common descendants; and
  • Amendment to the procedure of exchange of information upon request in tax matters further to the Court of Justice of the European Union (“CJEU”) Berlioz case law (C-682/15).

In addition the Fiance Minister reitereatered that the Luxembourg government is working with the internaional community for a fair and appropriate taxation of internet-based innovative business models. In this respect Luxembourg pushes for an harmonised approach and a global level playing field.

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