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Luxembourg Continues to Accept Requests for Advance Tax Payment Cancelation and Tax Payment Extension

Luxembourg introduced fiscal measures earlier in the year to support companies and self-employed persons hit by the COVID-19 pandemic, which include the cancelation of the first two quarterly advance payments for 2020 and a payment extension of up to four months for taxes due after 29 February 2020.

On 29 July 2020, the Luxembourg Tax Administration published a newsletter to provide further details on these measures, including that taxpayers facing liquidity issues due to COVID-19 may still submit requests for the cancelation of advance payments of (corporate) income tax and/or municipal business taxes for the first and second quarters of 2020. Where advance payments are canceled, any underlying debit interest, which has already been calculated, will also be canceled. If advance tax is not paid and no request is made, interest on late payments will be due.

The newsletter also provides that requests may still be made for the four-month extension for the payment of taxes due after 29 February, including where the payment deadline has already passed. Requests made after the deadline will allow for the payment of the tax debt by means of a single payment that is due four months after the deadline without any interest being charged. Lastly, the newsletter notes that where taxpayers have erroneously assumed that the four-month extension would apply automatically and have been charged interest for late payment, a request can be made for the cancelation of the interest.

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