On 5 March 2019, the Luxembourg Minister of Finance, Pierre Gramegna, presented to the Chamber of Deputies the draft budget law 2019 together with the draft multi-annual financial planning, for the 2019-2022 period to the Chamber of Deputies.
The corporate tax rate would be reduced from 18% to 17%, while at the same time increasing the income bracket affected by the minimum rate of 15% would be increased from EUR 25,000 to EUR 175,000. For the amounts between EUR 175,000 and EUR 200,000, the tax would be calculated using a formula in which EUR 26,250 is increased by 31% of the income over EUR 175,000.
This measure would already be applicable as from the 2019 fiscal year.
