Corporate Income Tax Rate 2020 Luxembourg

Dividends and corporation tax thresholds in luxembourg for example.

Corporate income tax rate 2020 luxembourg. Keep up to date on significant tax developments around the globe with ey s global tax alert library here. Chapter by chapter from albania to zimbabwe we summarize corporate tax systems in more than 160 jurisdictions. Rates individual income tax rate taxable income eur rate. On 30 march 2020 the luxembourg government tabled a bill n 7547 before the luxembourg parliament setting out draft legislation that disallows the tax deduction of interest or royalties paid or due to related parties if these are corporate entities established in countries that are black listed as being non cooperative for tax purposes.

Luxembourg highlights 2020 page 4 of 10 rulings a corporate taxpayer may request an advance tax decision from the luxembourg tax authorities. Corporate tax laws and regulations 2020. This page provides luxembourg corporate tax rate actual values historical data forecast chart statistics economic calendar and news. The content is straightforward.

If you require an extension you must apply in writing to your local tax office. Corporate tax rate in luxembourg averaged 31 92 percent from 1993 until 2020 reaching an all time high of 40 29 percent in 1995 and a record low of 24 94 percent in 2019. The corporate tax rate in luxembourg stands at 24 94 percent. 15 where the taxable income does not exceed eur 175 000.

Income tax rates and thresholds annual tax rate taxable income threshold. Workers must also pay between 7 and 9 as an additional contribution to the employment fund. The cit rate is 17 for companies with taxable income in excess of eur 200 001 leading to an overall tax rate of 24 94 in luxembourg city for fy 2019 and fy 2020 taking into account the solidarity surtax of 7 on the cit rate and including the 6 75 municipal business tax rate applicable. Non resident companies are only taxable on their local income in luxembourg.

An administrative fee will apply. The content is current on 1 january 2020 with exceptions noted. Income tax rates in luxembourg. Applicable rates tax rate.

17 where the taxable income exceeds eur 200 000. Income tax in luxembourg is charged on a progressive scale with 23 brackets which range from 0 to 42. Income from 11 265 01. Norway reduced its corporate tax rate from 24 percent in 2017 to 23 percent in 2018 and 22 percent in 2019.

Luxembourg s combined corporate income tax rate has been reduced gradually from 27 1 percent in 2017 to 26 percent in 2018 25 percent in 2019 and 24 9 percent in 2020.