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Married cross-border workers : what do you risk if you do not meet the deadline of October 31, 2017 to respond to the RTS letter received from the tax authorities ?

Married cross-border commuters :   You have already received your RTS letter by post from the tax authorities.   Responding to this letter is very important in order to allow the Luxembourg tax authorities to calculate your monthly withholding tax on your...

The end of the year is approaching: what can I deduct in my tax return ?

The end of the year is approaching: what can I deduct in my 2017 tax return ? All Luxembourg residents can benefit from tax deductions in their tax return.Similarly, cross-border commuters who are not residents of Luxembourg but work there can also benefit from tax...

Private pension : insurance with guaranteed capital or invested in funds, which one to choose ?

Private pension Tax-deductible premiums in pension insurance (art. 11bis LIR) can be invested either :   with guaranteed capital ; in investment funds ; or by combining these two possibilities. Moreover, tax legislation does not limit the number of contracts...

“Approved supplementary pension scheme for the self-employed and liberal professions (RCPI)” : 4.- What tax deductibility ?

What tax deductibility ? Pension insurance premiums cannot exceed 20% of net income(see income taken into account below) No deductibility limit for premiums relating to provident insurance(death or disability) Deductibility is provided for in art. 110 LIR as Special...

“Approved supplementary pension scheme for the self-employed and liberal professions (RCPI)” : 3.- Two categories of people are eligible

Two categories of people are eligible : 1 | Persons referred to in the numbers 4) and 5) of paragraph 1 of article 1 of the Social Security Code :   People who : practice in the Grand Duchy of Luxembourg a professional activity for their own account the...

“Approved supplementary pension scheme for the self-employed and liberal professions (RCPI)”: 2.- The supplementary pension scheme for the self-employed

The supplementary pension scheme for self-employed workers (RCPI) : 1 | Who is entitled to it ?   The RCPI is a scheme that remains exclusively reserved for natural persons. Legal persons cannot join an RCPI. The following liberal professions (non-exhaustive...
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