Clifford Chance
Luxembourg 2023 Budget Law: Key tax measures adopted by the Parliament
23 December 2022
On 23 December 2022, the Luxembourg Parliament adopted the bill n°8080 related to the budget for 2023 (the "Budget Law"), which contains certain measures and clarifications regarding the Luxembourg tax legislative environment. The draft text of the legislation had been presented to the Parliament on 12 October 2022 and has been subject to several amendments during the legislative process.
As announced by the Luxembourg Government, the measures contained in the Budget Law do not represent major changes in the Luxembourg tax landscape. However, they bring useful clarifications and some certainties in the application of certain rules. Such measures are mainly related to personal income tax, indirect taxes, filing aspects and the reverse hybrid rule, most of which will apply from 1 January 2023 (except for the amendment with respect to the reverse hybrid rule which applies retroactively from 1 January 2022).
