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Individual tax


Draft law proposes to reintroduce favourable tax regime on capital gains on private land and dwellings

Draft law proposes to reintroduce favourable tax regime on capital gains on private land and dwellings
04/11/2019

On 23 October 2019, the Luxembourgish Parliament (“Chambre de Députés”) published a draft law reintroducing the favourable tax relief regime for capital gains on the sale of private land or dwellings (Bill n° 7486).

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Luxembourg 2020 draft Budget Law - Pre-2015 tax rulings may end on 31 December 2019

Luxembourg 2020 draft Budget Law - Pre-2015 tax rulings may end on 31 December 2019
22/10/2019

On 14 October 2019, the Luxembourg Government submitted the draft Budget Law for the year 2020 to the Luxembourg Parliament.

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Input Vat on Fees Relating to the Investment of Donations and Endowments

Input Vat on Fees Relating to the Investment of Donations and Endowments
07/10/2019

On 3 July 2019, the ECJ published a judgment (C‑316/18 University of Cambridge v HMRC) clarifying whether input VAT relating to fees, paid by a not-for-profit educational establishment in the context of the investment of donations and endowments in a fund, may be deducted. 

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Entry into Force of the US | Luxembourg Double Tax Treaty

Entry into Force of the US | Luxembourg Double Tax Treaty
30/09/2019

On 9 September 2019, the Luxembourg Finance Minister Pierre Gramegna and the United States (“U.S.”) Ambassador to Luxembourg exchanged ratification instruments of the Protocol amending the Double Taxation Convention

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Ratification of the new tax treaty between Luxembourg and France

Ratification of the new tax treaty between Luxembourg and France
04/07/2019

Today, the Luxembourg parliament ratified the new double tax treaty signed on 20 March 2018 between Luxembourg and France, which will replace the current double tax treaty dated 1 April 1958.

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Brexit relocations: The view from CMS Luxembourg

Brexit relocations: The view from CMS Luxembourg
26/11/2018

Luxembourg’s well-established reputation as a leading financial centre makes it a natural candidate for financial companies weighing their Brexit relocation options.

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Only one month left to reduce 2018 net wealth tax liability

Only one month left to reduce 2018 net wealth tax liability
22/11/2018

Luxembourg corporate taxpayers can, upon request and under certain conditions, benefit from a reduction of the Luxembourg net wealth tax (NWT). One of the conditions to benefit from the NWT reduction is the allocation of an amount corresponding to five times the NWT

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Luxembourg and France launch the ratification procedure of their new tax treaty – Will the new treaty become applicable as from 2019?

Luxembourg and France launch the ratification procedure of their new tax treaty – Will the new treaty become applicable as from 2019?
19/11/2018

Luxembourg and France have started the ratification process of the new double tax treaty (“DTT”)they signed on 20March 2018. For the new DTT to become applicable as from 2019, the two ratification procedures would need to be finalised and the instruments of ratification exchanged before the end of 2018. 

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New France-Luxembourg Double Tax Treaty

New France-Luxembourg Double Tax Treaty
11/05/2018

On 20 March 2018, France and Luxembourg signed a new Double Tax Treaty (“DTT”). The aim of the new DTT is to replace the existing treaty that was signed in 1958, and amended 4 times in subsequent years.

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Case Law on Private Wealth Management

Case Law on Private Wealth Management
04/04/2018

The Luxembourg Income Tax Code assesses Luxembourg taxpayers differently, depending upon whether they realise business income or income from private financial wealth management. In case of business income, any capital gain will be taxable, as a matter of principle,

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