Luxembourg budget law for 2021 adopted
Related people
Jean Schaffner
Partner
Luxembourg
Patrick Mischo
Office Senior Partner
Luxembourg
Sophie Balliet
Counsel
Luxembourg
Franz Kerger
Counsel
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Guilhèm Becvort
Counsel
Luxembourg
Johanna Tschurtschenthaler
Counsel
Luxembourg
Zofia White
Senior Associate
Luxembourg
Olympe Alexandre
PSL-Senior Associate
Luxembourg
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The Law contains no material changes from the initial bill of law. The main measures are:
- for investment funds: the introduction of a new real estate tax (prélèvement immobilier) due by certain Luxembourg investment funds holding real estate in Luxembourg and the decrease of the subscription tax due by ESG funds.
- for individuals: the end of the tax regime applicable to stock options and warrants which is replaced by a partial exemption applicable to profit-participating bonuses paid to employees (primes participatives) and the reshape of the impatriates tax regime.
Additional amendments are made i.a. to the taxation of individuals, SPFs, the tax consolidation regime as well as registration duties on transfer of real estate.
Most of the tax measures will apply from 1 January 2021.