Luxembourg: Law of April 17, 2018, on Amendments to the Law of December 4, 1967, on Income Tax Relating to the Tax Treatment of Intellectual Property, and Amendments to the Law of October 16, 1934, on the Valuation of Property and Values ('Valuation Law')

April 19, 2018

Luxembourg: The Law of April 17, 2018, on Amendments to the Law of December 4, 1967, on Income Tax Relating to the Tax Treatment of Intellectual Property, and Amendments to the Law of October 16, 1934, on the Valuation of Property and Values ('Valuation Law') was published in the Official Journal on April 19, 2018, entered into force with retroactive effect as from January 1, 2018, and applies to the 2018 tax year.

Among other things, this Law introduces a new article 50ter to the Law of December 4, 1967, on Income Tax, which inter alia provides for 80% exemption from income tax on revenues derived from the commercialization of certain IP rights, and 100% exemption from net wealth tax (NWT).