Luxembourg: Update on 2017 tax reform legislation | KPMG | GLOBAL
Share with your friends

Luxembourg: Update on 2017 tax reform legislation

Luxembourg: Update on 2017 tax reform legislation

The 2017 tax reform bill is advancing towards enactment, with nearly all measures for individual and corporate taxpayers having been passed.


Related content

The parliament on 14 December 2016 passed the bill (parliamentary document n° 7020). Yet, there were changes and clarifications made to the bill during the legislative process, including provisions concerning:

  • Electronic filing of corporate tax returns first applies for tax year / fiscal year 2017
  • The election for the deferral method of standard depreciation and amortization (most likely, by checking a box on the annual tax return)
  • Legal liability of representatives and directors for unpaid amounts of value added tax (VAT) 


Read a December 2016 report [PDF 221 KB] prepared by the KPMG member firm in Luxembourg: Luxembourg 2017 tax reform passed

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor 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. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal