Luxembourg travellers will be able to book a taxi through their Uber app from June, marking the end of a long wait for the ride-sharing service to set foot in the Grand Duchy. The entry of the global taxi giant into the
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Luxembourg’s market regulator said that investment funds in the country witnessed a 1.7% increase in net assets in March, continuing a trend observed over the past six months, with total net assets reaching €5.585trn as of 31 March 2024. The Luxembourg Financial
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Skin-care company’s majority owner seeks to take company private in plan valuing company at €6B Reinold Geiger, the billionaire owner of Luxembourg-based L’Occitane International SA, wants to take the skin-care company private in a move that could end its 14-year run on
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Luxembourg was previously quite deeply immersed in the web if you can call it that. In 2019, the year before the pandemic, 96% of its inhabitants had used the Internet at least once in their lives. By 2023, that figure had risen
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Luxembourg taxes its corporate residents on their worldwide income and non-residents only on Luxembourg-source income. Businesses with taxable income lower than 175,000 euros (EUR) are subject to corporate income tax (CIT) at a rate of 15%. Businesses with taxable income between EUR 175,000
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Brief Summary From 1 January 2024 onward, investment tax credits will change in the following ways: Detailed Look On 19 December 2023, the Luxembourg Chamber of Deputies adopted a law to modernize the current investment tax credit; it will take effect 1
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Individual – Foreign tax relief and tax treaties Last updated – 08 January 2024 Foreign tax relief Foreign income received by residents that is subject to a tax equivalent to Luxembourg income tax and is not exempted by a DTT is granted
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The Corporate Law of Luxembourg, dating back to 10 August 1915, has been updated following seven years of insights since its 2016 revision. The notable law firm, Loyens & Loeff, highlights changes to the law of 7 August 2023, also known as
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Situated at the crossroad of Europe, the Grand-Duchy of Luxembourg is based on a dynamic and open economy which actively promotes the development of cross border trade and investments. Its major role in terms of international trade in the sectors of banking
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