Luxembourg – Prime Minister Announces Deadline Extension for Filing Tax Returns

LU – Extension for Filing Tax Returns

The Luxembourg government has announced that the deadline for the 2019 corporate and individual tax returns has been extended from 31 December 2020 to 31 March 2021. A bill should be drafted and adopted by the Chamber of Deputies at the beginning of 2021.

1000

CONTACTS

flash-alert-2020-508

During the Prime Minister’s press conference held on 21 December 2020, regarding Luxembourg’s COVID-19 strategy, the government announced a draft law extending the official deadline for the filing of corporate and individual tax returns for the years 2019 and 2020.1

The deadline for the 2019 corporate and individual tax returns has been extended from 31 December 2020 to 31 March 2021.

The bill should be drafted and adopted by the Chamber of Deputies at the beginning of 2021.      

WHY THIS MATTERS

This extension of the time for filing of taxes for approximately 30 days for individual taxpayers aims to facilitate compliance with tax obligations during the coronavirus public health emergency.  Delaying the deadlines for these tax returns should offer individuals some relief by providing them additional time to organise their tax and financial affairs to meet their compliance obligations in this difficult period. 

RELATED ARTICLE

This article is excerpted, with permission, from “PM announces new aid measures & tax extension for corporate and individual tax returns for 2019 and 2020,“ in Luxembourg Tax Alert 2020-22 (22 December 2020), a publication of the KPMG International member firm in Luxembourg.

The information contained in this newsletter was submitted by the KPMG International member firm in Luxembourg.

SUBSCRIBE

To subscribe to GMS Flash Alert, fill out the subscription form.

© 2022 KPMG Luxembourg, Société anonyme, with registered office at 39, Avenue John F. Kennedy, L-1855 Luxembourg, registered with RCS Luxembourg under number B149133, and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

GMS Flash Alert is a Global Mobility Services publication of the KPMG LLP Washington National Tax practice. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Connect with us

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today