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2021 budget: VAT rate reduction for renovation, Increase VAT registration threshold, …

The budget law introduces the following indirect tax measures:

  • Substantial increase of duties applicable to the contribution of a Luxembourg property to a company;
  • Attribution of a property to a partner of a company;
  • Reduction of the subscription tax rate for funds investing in sustainable investments;
  • VAT – Renovation work;
  • VAT – Small businesses;
  • CO2 tax; and
  • Tax on insurance premiums.

Source Deloitte

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