Extraordinary tax measures implemented due to the COVID-19 outbreak

On 17 March 2020, the Luxembourg income tax authorities issued a series of measures designed to guarantee the continuity of the Luxembourg economy.

As part of the implementation of measures decided by the Luxembourg Government to deal with the spread of the Covid-19 pandemic, a series of measures designed to guarantee the continuity of the Luxembourg economy have been put in place by the Luxembourg direct tax administration and VAT administration.

As long as liquidity problems are faced due to the Covid-19 pandemic, corporates and individuals who realise a commercial profit, an agricultural and forestry profit or a profit from the exercise of a liberal profession, can apply for:

a cancellation of their quarterly advances for the corporate income tax (or income tax for individuals) and of the municipal business tax for the 1st and 2nd quarter of the year 2020 (please find the form here), the net worth tax is excluded; and
an extension of the payment deadline for the corporate income tax (or income tax for individuals), the municipal business tax and the net wealth tax (please find the form here).

Requests for cancellation of advances and payment deadlines are automatically accepted by the Luxembourg tax authorities.

In addition, the deadline for corporates and individuals for submitting tax returns has been extended to 30 June 2020.

Due to the Coronavirus pandemic, there will be no administrative sanction for exceeding a filing deadline for VAT returns. This tolerance will apply until the VAT administration indicates otherwise.

For further information on the tax measures please access the following links:

Newsletter du 17 mars 2020
Actualités - bulletin N° 1/2020

Zie ook : Simmons & Simmons - Luxembourg ( Pierre-Régis Dukmedjian ,  Mrs. Nadejda Nadejda Girleanu ,  Mr. Joël Butkiewicz-Jung )

[+ http://www.simmons-simmons.com]

 Pierre-Régis Dukmedjian Pierre-Régis Dukmedjian
Mrs. Nadejda Nadejda Girleanu Mrs. Nadejda Nadejda Girleanu
Managing Associate
Mr. Joël Butkiewicz-Jung Mr. Joël Butkiewicz-Jung

Alle artikels Vennootschapsbelasting

Laatste artikels Vennootschapsbelasting

Upcoming measure denying the tax deduction of interest and royalties to entities in blacklisted j...

Yesterday (26 March), the Luxembourg Government adopted a draft law amending the Luxembourg income tax law so as to deny, ...

Read more

COVID-19: Overview of Luxembourg supporting measures

The Covid-19 outbreak has been declared a public health emergency of international concern by the World Health Organi...

Read more

Luxembourg tax measures

On 17 March 2020, the Luxembourg tax authorities (LTA) published a newsletter with tax measures for businesses in the cont...

Luxembourg tax measures Read more

DAC 6 Law introducing mandatory disclosure rules in Luxembourg passed

On Saturday 21 March 2020, the Luxembourg Parliament passed a law implementing Council Directive (EU) 2018/822 of 25 May 2...

Read more

Laatste artikels van Pierre-Régis Dukmedjian

Laatste artikels van Mrs. Nadejda Nadejda Girleanu

Laatste artikels van Mr. Joël Butkiewicz-Jung

LexGO Network