In recently published OECD Luxembourg’s economic survey the jurisdiction’s tax regime was praised for its predictability.
The OECD assessed that Luxembourg’s economy is growing also due to business-friendly environment.
Government is able to reduce corporate income tax, and to introduce new tax credits for investors.
The corporate tax currently is 19 percent and will decrease to 18 in the next year.
The financial sector remains the main driver of local economy contributing 28 percent of total value added growth.