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Support for business impacted by COVID-19
Discuss the impacts of coronavirus with one of our expertsWe are committed to helping our clients, colleagues and communities, as we all try to navigate the impacts of COVID-19.
Where to go for information:
- Guichet.lu
- Le gouvernement luxembourgeois
- Caisse nationale de santé
- Chambre de Commerce
- Administration des contributions directes
- Administration de l'Enregistrement et des Domaines
- Economic Stability Programme.pdf
How to minimise the impact on your business?
Brief summary of the measures taken by the Luxembourg Government in an effort to support businesses as they navigate COVID-19:
- Partial unemployment or short term work in situations of force majeure. Up to 80% of employment cost can be refunded from the Employment Fund (limits in terms of salary level and duration exist)
- Extraordinary leave for family reasons: people who have no option for childcare are eligible (one parent at a time for children under 13 years old)
- Short term measures by the Social Security to support employers to better organise their cash-flow (suspension of late payment interests, suspension of forced collection of contributions, suspension of the enforcement of constraints by bailiff, suspension of fines for late filing of declarations).
- New financial aid to companies: a draft law has been introduced on 12 March 2020 to support companies affected by an unforeseeable and exceptional event. The draft law is aiming at supplementing existing aid instruments which apply in similar cases.
- Filing of annual accounts with the Luxembourg Business Register (LBR): deadline of filing is extended by 4 months.
- Income tax: postposition of advance payments and of taxes becoming due after 29 February 2020. Furthermore the deadline for filing tax returns is extended to 30 June 2020.
- VAT: short notice refund of all VAT amounts below 10.000 EUR due to enterprises. Furthermore, fines for late filing of VAT returns are temporarily suspended.
- Cross-border commuting to work: issuance of a specific certificate to prove the professional relationship between the employer and the non-resident employee.
- Home-based working: for French and Belgian residents, the days spent at home due are not taken into account for the calculation of the usual yearly threshold. With Germany, discussions are ongoing.
Please also note that some banking institutions have announced specific measures to help entrepreneurs in financial stress situations due to COVID-19. We await further clarifications and will communicate as soon as possible.
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