On 25 February 2021, the Luxembourg Parliament (Chambre des Députés) voted the law amending the law of 12 May 2020, adapting certain deadlines in fiscal, financial and budgetary matters in the context of the state of emergency (hereinafter the “Law”).
The Law follows a statement by the Ministry of Finance dated 21 December 2020, in which the Minister indicated that he deemed appropriate to extend the filing deadlines granted to taxpayers.
The Law thus provides mainly for the following three extensions:
- The deadline to file personal income tax and personal municipal business tax returns for the fiscal year 2019 can be extended until 31 March 2021.
- The deadline to file personal income tax, corporate income tax and municipal business tax returns for the fiscal year 2020 is set at 30 June 2021:
- The deadline to file personal income tax and personal municipal business tax returns for the fiscal year 2020 can be extended until 31 December 2021.
Although the Law does not extend the deadline for the filing of the corporate income tax and municipal business tax returns for the fiscal year 2019, the above-mentioned statement from the Minister mentioned that the Luxembourg tax authorities will show leniency and that the tax offices will not impose late filing fines with respect to these returns, if filed before 31 March 2021.
In addition to the above, the Law provides for an extension until 30 June 2021 of the deadline for spouses to choose between collective, individual or individual with reallocation taxation for the tax year 2020.
Finally, the deadline for exercising the option for the withholding tax provided for by the law of 23 December 2005 introducing a final 20% withholding tax on certain interest income from transferable securities paid to Luxembourg resident individuals (commonly known as the RELIBI law) is set at 30 June 2021.