From 1 January 2024 onward, investment tax credits will change in the following ways:
On 19 December 2023, the Luxembourg Chamber of Deputies adopted a law to modernize the current investment tax credit; it will take effect 1 January 2024. The passed law was amended during the legislative process to address the oppositions posed by the Council of State.
Now that the law has been adopted by the Parliament, the legislative process will continue until the law is published in the official journal, which should take place before the end of the year. However, this should not impact how the new measures will be applied from 1 January 2024 onward.
Deloitte Luxembourg’s Global Innovation and Investment Incentives Service Team, composed of engineers, decarbonization experts, and tax specialists, can help you determine your eligibility for these benefits.
If you have any questions or want to explore how we can help you regarding this topic, please get in touch.