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By François BRUSSIEUX, Luxembourg registered lawyer, founder of FBX Legal Tax
On 10 November 2023, the Luxembourg minimum net wealth tax (hereafter “NWT”) of EUR 4,815 applicable to certain holding and financial companies was ruled partly unconstitutional by the Luxembourg constitutional Court based on the principle of equality before the law. As a consequence of this decision, about 5,000 Luxembourg holding and financial companies whose total balance sheet does not exceed EUR 2,000,000 previously subject to the minimum NWT of EUR 4,815 will now be subject to a minimum NWT of EUR 1,605. This article provides a summarized overview of (i) the fact pattern of the decision, (ii) the concept of minimum NWT, (iii) the decision of the constitutional Court and ...
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