Article Post on 18 March 2020

Tax Measures to Support Businesses and the Self-Employed in the Face of the COVID-19 Pandemic

_In response to the crisis linked to the spread of Covid-19, the Government decided to implement several fiscal measures in favour of legal entities and individuals.

The main objective of these measures is to alleviate the financing and liquidity needs of companies and self-employed persons who are heavily impacted by the current economic restrictions.

As long as they are experiencing liquidity problems as a result of the COVID-19 pandemic, legal and natural persons who make a commercial profit, an agricultural and forestry profit or a profit resulting from the exercise of a liberal profession may apply for:

Requests for cancellation of advances and payment deadlines are automatically accepted by the administration.

In addition, the deadline for submitting tax returns has been extended to 30 June 2020. This decision applies to legal and natural persons, as well as to taxpayers wishing to request, modify or revoke the selection of their individual tax scheme.

Further information to be found in the publication of the Ministry of Finance (in French).

Forms:

(Source: UEL - gouvernement.lu)

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