|International Tax Rules||5||94.27|
Luxembourg ranks 6th overall on the 2019 International Tax Competitiveness Index, one position worse than in 2018.
- Business investments in machinery and intangibles receive better-than-average tax treatment.
- Luxembourg has a territorial tax system exempting both foreign dividends and capital gains, with no country limitations.
- The tax treaty network extends to 82 countries.
- Companies are limited in the amount of net operating losses they can use to offset future profits and are unable to use losses to offset past taxable income.
- Luxembourg has several distortionary property taxes with separate levies on real estate, estates, and assets.
- The income tax is relatively progressive with a combined top rate on personal income of 47.2 percent.