Luxembourg resident corporations and Permanent Establishments (PEs) can reduce their 2025 Net Wealth Tax (NWT) by setting up a 5-year unavailable NWT reserve in their 2025 annual accounts.
Following the Court of Justice of European Union (CJEU) decision in case C-288/22 and the subsequent judgment of the Luxembourg District Court on 22 November 2024, the Luxembourg VAT authorities (AED) issued Circular N° 781-2 on 11 December 2024.
2024 Co-funding applications are fast approaching! As the application deadline is 31 May 2025, we are here to assist you throughout the process.
On March 11, 2025, The Council of the European Union officially adopted the VAT in the Digital Age (ViDA) Package! From now on and progressively until January 2035, a comprehensive set of measures aimed at simplifying and modernizing VAT rules for the Digital Age will follow.
Taxpayers are required to make quarterly advance payments for Corporate Income Tax (CIT), Municipal Business Tax (MBT) and Net Wealth Tax (NWT).
The Luxembourg Business Registers (“LBR”) has recently introduced new changes to the administrative requirements to be introduced at the Trade and Companies Register (“RCS”) and which will apply as from 12 November 2024.
On November 5, 2024 The Council of the European Union, after long negotiations, announced that the EU’s Taxation Council has reached an agreement on the VAT in the Digital Age (ViDA) package.
On 17 July 2024, the Luxembourgish government announced a list of new measures designed to boost purchasing power, with effect from 1 January 2025. The announcements below are still in draft form and have not yet been definitively implemented.
The key amendments, that mostly concerns transfer pricing aspects, are the modifications made to the General Law on Taxation of the 22 May 1931 (“Abgabenordnung”) in the following paragraphs: §29c, §96a, §171 ,§165c & §249. These changes have been made with a view to simplifying and modernising the procedures applicable to taxpayers.
As already mentioned in our previous newsletters, we would like to remind you that for your non-resident employees, mandatory social security formalities must be completed with the authorities in the countries of residence concerned.
Understanding Taiwan’s Double Tax Agreements - A Foreign Entity invested in Taiwan may apply for withholding tax reclamation or tax relief if it is domiciled in a country that has a Double Tax Agreement with Taiwan.
On 14th May 2024, the EU Council adopted the EU Directive on Faster and Safer Relief of Excess Withholding Taxes (“FASTER”).
The Grand-Ducal Decree of 18 April 2024 modified the lists of Participating Jurisdictions and Reporting Jurisdictions for the CRS reporting year 2023.
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La loi entrée en vigueur le 23 septembre 2023 modifie les dispositions de la loi du 21 avril 1928 - avec une période transitoire de 24 mois pour les associations sans but lucratif (a.s.b.l.), les associations reconnues d'utilité publique et les fondations.
Following the transposition into Luxembourg national law of the EU Directive 2022/2523 (the "Pillar 2 Law"), multinational enterprise (MNE) groups and significant large domestic groups are required to pay a minimum tax level of 15%. The Pillar 2 law came into effect for fiscal years starting on or after 31 December 2023.