Tax losses incurred by a company during a tax year can be carried forward and, in principle, offset against taxable profits in subsequent years, thereby reducing the amount of tax payable. There are, however, restrictions on carry-forward and set-off. Tax losses incurred prior to 31st December ...
Owning real estate is more or less tax-efficient depending on the investment objective.
This transfer would therefore no longer result in immediate taxation of deferred profits and unrealised capital gains.
A tax integration regime is nothing more and nothing less than a tax consolidation of a group or part of a group of companies.
The corporate director must be diligent and prudent, they must respect the obligations of its various missions.
The "DAC 6" Act (1) requires taxpayers and certain intermediaries to declare to the tax authorities any cross-border arrangements which are considered to be fiscally aggressive.It should be made clear from the outset that the three criteria listed must be met cumulatively in order for the whole ...
When a company is set up, the share capital is formed by the contributions of the founders. Throughout the life of the company, the partners can increase the capital by new contributions but also by incorporation of reserves. The capital can also be reduced. In some cases, the income from a ...
The tax law allows companies to deduct operating expenses. These expenses are generated by the company in order to benefit it. An expense borne by the company but for the private needs of its manager is not deductible. For example, the manager of a company (SA, SARL) invites a client for lunch ...
Luxembourg private wealth management companies named SPFs in Luxembourg, are a form of holding company. These companies type are exempt of all taxes on income and from wealth tax.
When a French company works on an assembly construction site in Luxembourg, is that company responsible for paying taxes in Luxembourg? When a Luxembourg company works on a construction site in France, is that company responsible for paying taxes in France? The answers to these questions can be ...
Commercial and financial activities coexist in SOPARFI with the characteristic of having different tax regimes.
Due to the heterogeneity of the origins of Luxembourg tax law, tax claims are tried under two branches of the Luxembourg court system: administrative courts and judiciary courts. Direct taxation falls under the administrative courts. Indirect taxation (such as VAT and registration duties) falls ...
April 2023, publication of the new edition of the Précis de Droit Comptable, by Denis Colin, manager of the Fiduciaire LPG
