02/24/2021

Weekly Tax Brief

In a departure from tradition, while some tax announcements will continue to be made on Budget Day, others will be deferred until Tax Day which has been set for 23 March. What’s going on? We look at the implications.

02/19/2021

Luxembourg: Circular regarding "prime participative" issued

The circular explains how to calculate non-deductible social contributions. For instance, social contributions related to exempted salary income, such as a prime participative, are not deductible for wage tax calculation purposes.

02/10/2021

Weekly Tax Brief - 9 February 2020

They will therefore incur a 20 per cent VAT charge on the cost of the remedial works which, for blocks of privately owned flats, is ordinarily passed on to the leaseholders.