Making your Luxembourg tax declaration

If you wish or are required to fill in a Luxembourg tax declaration, take the time to analyse your profile and the tax deduction possibilities. Life insurance and retirement savings products, for example, are still the best way of taking advantage of the whole range of capped tax breaks, depending on the number of members in your family and your types of income.

THE BENEFITS OF OUR INSURANCE PLANS

What are the tax advantages with an insurance product?

• Tax deductible premiums
• Lump sum benefit exempt from income tax (depending on policy)
• Annuity payments taxed as pension receipts

PRACTICAL ADVICE ON TAX DECLARATIONS

Who is required to make a tax declaration in Luxembourg?

A resident taxpayer is under the obligation to make a tax declaration when:

• taxable income in the household exceeds EUR 100,000.00 per annum;
• income is made up of 2 salaries, 1 salary and one or two pensions;
• "other income" exceeds EUR 1,500.00 per annum.

A non resident may fill out a tax declaration if he/she meets the following criteria:

• if drawing a salary in Luxembourg for more than 9 months within a tax year.
• when more than 50% of earned income is received in Luxembourg.

What expenses are tax deductible?

• Third-party liability
• Health insurance
• Life insurance
• Retirement savings
• Home purchase savings
• Children's savings

N.B.: In order to benefit from the tax advantages under Luxembourg law, life insurance policies with a savings element must have a minimum term of 10 years.

Where can I hand in my completed tax declaration?

The tax authorities (Administration des Contribution Directes) automatically sends out tax declaration forms to taxpayers. Since 2009, you can also fill out and submit your tax declaration online via the ""MyGuichet"" platform - including supplementary declarations and supporting documents.

Fill out your tax declaration

Get assistance in filling out your declaration

Our agents can provide you support in identifying all possible tax deductions. Remember to prepare your tax declaration well before the year-end so as to have the time to take out tax deductible insurance plans.

Ring 437 43 43 for customised advice