Luxembourg introduces new tax measures

Since the very beginning of the COVID-19 crisis, the Luxembourg Government has showed its willingness to guarantee the continuity of the Luxembourg economy by introducing several measures aimed to support Luxembourg companies and individuals during this challenging period. On 17 March 2020, as part of the implementation of these measures, the Luxembourg tax authorities made several positive announcements for Luxembourg taxpayers. These announcements were followed a few weeks later by a draft law addressing among others the extension of deadlines in tax, financial and budgetary matters and which was passed by the Luxembourg Parliament on 7 May 2020.