Extended deadlines for the Luxembourg tax authorities The period for the assessment and collection of claims whose collection is entrusted to the Luxembourg tax authorities (such as direct tax debts and social security claims) that would otherwise expire by 31 December 2020 is extended to 31 December 2021.
Save for later; Context. She focuses on international tax matters, notably for private wealth investors, and tax litigation.
Luxembourg draft law: Temporary COVID-19-related measure creates deadline extensions for the approval, filing, and publishing of annual accounts, consolidated accounts, and related documents 2 April 2020.
The practical impact of this measure will thus depend on the speed with which the legislator approves the bill. In practice, the Luxembourg tax authorities would thus have one more year for the collection and assessment of claims from tax year 2015 or, in case of non-filing or inaccurate filing, from tax year 2010.This may have an impact on existing situations where the increase of five to six years (and of 10 to 11 years, respectively) has not been anticipated. DAC 6 deadlines officially postponed in Luxembourg The EU mandatory disclosure directive (known as DAC 6) has been implemented in Luxembourg by law of 25 March 2020. Luxembourg announces additional deadline extensions in direct tax matters
The EU mandatory disclosure directive (known as DAC 6) has been implemented in Luxembourg by law of 25 March 2020. The deadline for submitting direct tax returns has been extended to 30 June 2020.
Income tax deadlines and forms in Luxembourg The tax year in Luxembourg runs from 1 January to 31 December and income tax returns must be filed by 31 March the following year.
Under the bill, the period during which this privileged position can be used would also be extended by a full year.As from the publication of the law, the deadline of three months for filing objections against decisions of the Luxembourg tax authorities and filing administrative appeals would be suspended until 30 June 2020.
The period for the assessment and collection of claims whose collection is entrusted to the Luxembourg tax authorities (such as direct tax debts and social security claims) that would otherwise expire by 31 December 2020 is extended to 31 December 2021.
It also plans to prolong by a full year the privileged position for the Luxembourg tax authorities in the enforcement of their claims.
It is unclear whether the legislator will agree that there is sufficient justification for this change.The same one-year extension would apply to all claims whose collection has been entrusted to the Luxembourg tax authorities by virtue of Directive 2010/24/EU concerning mutual assistance for the recovery of claims relating to taxes, duties and other measures, or of a tax treaty.The Luxembourg tax authorities have a privileged position in terms of enforcement of their claims and they have, for instance, the right to seize immovable property situated in Luxembourg by way of a simplified procedure. The deadline for submitting, revoking, or amending taxpayers’ choice for an individual taxation is extended to the same date. Other specific taxes may be levied on certain activities. The Luxembourg tax authorities already announced such postponement earlier in March, together with some other We will keep you updated on relevant developments.
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