Effective from 1st August 2024, the new residential lease reform in Luxembourg has several implications for accounting practices, particularly for landlords and property management entities. Below are the key accounting impacts.
On 17 July 2024, Draft Law No. 8414 was presented to the Luxembourg Parliament (Chambre des Députés) introducing significant tax reforms aimed at bolstering the competitiveness and appeal of Luxembourg for businesses, investors, and international talent.
A GUIDE FOR BUSINESSES In the complex landscape of business operations, the filing of annual financial statements stands as a pivotal requirement, not only ensuring regulatory compliance but also fostering…
VAT RECOVERY PROCEDURE FOR EU BUSINESSES IN ANOTHER MEMBER STATE (9th Directive) Reimbursement of foreign VAT: a right for European companies European companies benefit from the right to reimbursement of…
BUSINESS TAXATIONDeductibility of operating expensesAccording to tax law, businesses have the option to deduct operating expenses, ie expenses incurred for business purposes. It is important to note that only expenses…