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Luxembourg Tax Alert 2020-22

Luxembourg Tax Alert 2020-22

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PM announces new aid measures & tax extension for corporate and individual tax returns for 2019 and 2020

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.

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. 

Any tax advice in this communication is not intended or written by KPMG to be used, and cannot be used, by a client or any other person or entity for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing, or recommending to another party any matters addressed herein.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 endeavour 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.

© 2021 KPMG Luxembourg, Société coopérative, a Luxembourg entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

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