78 jours jusqu'au 31 décembre 2024. Dernier délai pour votre déclaration d'impôt 2023 ! Remplissez-la ici.
News

Publié le 24 August 2024

Do you have to continue submitting your tax declaration every year in Luxembourg?

Have you already filed a tax declaration in Luxembourg? Discover whether you need to continue submitting on every year and what are the tax obligations you need to respect.

If you have started filing a tax declaration in Luxembourg, you might have asked yourself if you have to continue submitting it every year. The answer depends on your tax situation and on your obligations as a taxpayer. Here is everything you need to know:

1. Obligation for the Declaration: When is it necessary?

In Luxembourg, the tax declaration is not systematically obligatory for all taxpayers. However, there are certain conditions that render the declaration obligatory:

  • the taxable income of a household exceeds 100.000€ annually
  • in the case of a combination of several forms of remuneration where the taxable income exceeds 36.000€ for taxpayers in tax classes 1 and 2 and 30.000€ for taxpayers in tax class 1a
  • if you are a non-Luxembourg resident, as they are taxed at a fixed rate

Or if your taxable income in Luxembourg is not subject to withholding tax, as for example business profits, rental income, income from transferable securities …

2. Why Continue Filing a Tax Declaration?

Even if you are not strictly obligated to submit a tax declaration every year, there could be advantages involved in continuing to do it:

  • Tax optimisation: Filing a tax return allows you to benefit from various tax deductions (loan interest, special expenses, etc.) that could reduce your final tax bill.
  • Refund of overpayments: If you have paid too much tax at source, filing a return could allow you to recover the excess.

3. When Can You Stop Filing Declarations?

If you are not submitted to one of the obligations to submit a declaration (for example, if your income is solely salary-related and below the taxable threshold), you could, in theory, stop filing tax declarations.

4. Consequences of Not Filing Declarations

If you are under an obligation to file a declaration and you do not submit one, you risk penalties for non-declaration or late declaration. Additionally, the tax administration may proceed to perform an estimate of your income, often less favourable than if you had done the declaration yourself.

Partagez

Testez taxx.lu maintenant!

Inscrivez-vous gratuitement

Créez un compte, complétez votre déclaration d'impôts luxembourgeoise et simulez votre remboursement d'impôts!

Cet article vous a aidé?

Lisez les articles similaires

Related posts image