_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:
- a cancellation of their quarterly advances of the income tax (corporate tax) and of the communal business tax for the 1st and 2nd quarter of 2020 ("Demande d’annulation des avances trimestrielles");
- a payment deadline for income tax (corporate tax), communal business tax and wealth tax ("Demande d’un délai de paiement").
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).
(Source: UEL - gouvernement.lu)