Last updated more than 5 years ago
A temporary tax regime exists in Luxembourg that allows natural persons or legal entities who failed to report some or all of their income or other assets to regularise their unpaid taxes with Luxembourg Inland Revenue (Administration des contributions directes - ACD) and the Registration Duties, Estates and VAT Authority (Administration de l'enregistrement, des domaines et de la TVA - AED).
The purpose of the regime is to provide taxpayers with the opportunity to pay taxes on their unreported income or other assets without facing the sanctions provided for under the Luxembourg tax code.
Taxpayers have until 31 December 2017 at the latest to regularise their tax position.
Natural and legal persons, resident or not, can submit a corrective tax return.
Taxpayers who are currently under investigation or audit by the tax authorities, or who are facing criminal prosecution for tax-related issues, are not allowed to file an amended return.
The corrective tax return must be submitted by 31 December 2017 at the latest.
The corrective tax return only applies to taxable income and all other assets held.
Income and assets resulting from the following are taken into account:
Income and assets from the last 10 years can be subject to a corrective tax return.
The corrective tax return must be submitted on plain paper to the tax office concerned.
It must be accompanied by supporting documents which are necessary for examining the case. These are namely:
Taxpayers who have submitted a corrective tax return are subject to the full payment of the amount indicated on the revised tax assessment increased by:
Payment must be made within 1 month from the date of receipt of the revised tax assessment.
The additional tax charge for failure to submit a tax return or late tax returns will not be applied.