Corporate Tax in Luxembourg - Foundation and Mechanism

This course will enable you to study the tax environment applicable to different types of companies in Luxembourg. Understand the origins of tax liability, the different stages and tax documents throughout the tax year. Analyse the different taxes, how they are determined and the advantages available to companies.

At the end of this training, based on practical case studies, you will have analysed the following aspects:

• The different steps involved in taxing a commercial enterprise

• The difference between opaque and transparent entity

• Understanding the CIT / MBT/ WHT / NWT

• Tax returns and related tax computation

• Tax credits available in Luxembourg

• Tax consolidation

• Recent international developments

• Basic concepts

• • Definition of tax

  • Sources of tax law

  • Tax residency

  • The different companies

  • The tax year/operating year

  • The different steps of taxation

• Taxation of commercial companies

• • Overview of direct taxes applicable to companies

  • Forms of income taxation Determining taxable income

  • Accounting and tax valuation rules

  • Non-taxable income, non-deductible expenses and other adjustments

  • Tax credits

• Hidden contributions and hidden dividend distributions

• • The definition

  • Tax treatment

• Tax consolidation

• • Description of the regime

  • Eligibility for the scheme

  • Tax consequences

• Net Wealth tax

• • Characteristics of netwealth tax

  • Determination and basis of assessment

  • Minimum Wealth Tax

  • Reduction of wealth tax

• Withholding tax 

• Recent developments

• Accountants

• chartered accountants

• trustees

• bankers

• entrepreneurs

At the end of the course, participants will receive a certificate of attendance delivered by the House of Training.