Article Post on 29 January 2021

Bill n°7746 regarding amendments to certain tax, financial and budgetary deadlines in the context of the state of emergency

_Bill n°7746 regarding amendments to certain tax, financial and budgetary deadlines in the context of the state of emergency was introduced on 15 January by Mr Gramegna, Finance Minister (“Bill”) following government announcements made on 21 December last year aiming to mitigate the impact of the current health crisis on the country’s economy.

In concrete terms, the Bill specifies:

  • For the 2019 financial year-end: an extension will be granted until 31st March 2021:
    • For the filing of all income tax;
    • For the commercial tax returns for private individuals. 
  • For the 2020 financial year-end: a deadline and extension until 30 June 2021
    • To file income tax returns for private individuals, for corporate income tax and for commercial tax;
    • For jointly-taxed spouses and partners wishing to opt for individual taxation instead of joint taxation; 
    • To exercise the option (via model 931F/ 93 D) for the beneficial owner to apply the levy on earnings and interest revenue concerned by the amended law of 23 December 2005 (Relibi law).

By contrast, the Bill does not set out any extension to the filing date for corporate income tax or commercial tax for the year 2019.

On the basis of the administrative tolerance announced on 21 December last year (see link: www.gouvernement.lu), the Luxembourg direct tax authorities should not issue a fine if a corporate income tax or commercial tax return for the year 2019 is filed prior to 31 March 2021.

For any questions relating to this bill, please feel free to contact our team of tax lawyers, led by David Maria.

Contact us

Share this content