On 17 March 2020, the Luxembourg Government announced a series of measures aimed to guarantee the continuity of the Luxembourg economy during the lockdown due to the spread of the Covid-19.
In order to deal with liquidity problems due to the Covid-19 pandemic, corporate and individual taxpayers who carry out a commercial activity, an agricultural / forestry activity or the exercise of an independent profession may request:
Note that these requests are considered as automatically accepted by the administration.
In addition, the deadline for submitting both corporate and individual tax returns has been extended to 30 June 20201.
Further, this extension is also applicable to taxpayers wishing to request, modify or revoke their choice of individual taxation (i.e., married couple taxation vs individual taxation).
Additional information and clarifications have been provided through Frequently Asked Questions (FAQ). See below a summary of the relevant information:
1 | In principle, the deadline for filing individual tax returns is 31st March of the year following the year to be declared; the deadline for filing corporate tax returns is 31st May of the year following the year to be declared.
The sanitary crisis originated by the COVID-19 has had a significant effect on the operation
On 15 June 2020, the Dutch
The support package 2.0 was introduced on 20 May 2020. In addition to extending the emergency measures, this support package also proposes