Luxembourg - real estate tax guide
September 5th, 2007 by lana
Corporate income tax
The standard corporate income tax rate (CIT) is 29.63% for 2006 (previously 30.38%), including municipal business tax in Luxembourg City, and is payable by Luxembourg-resident entities and non-residents in respect of Luxembourg sourced income derived through a Luxembourg permanent establishment.
CIT is generally reportable on a calendar year basis. However, Luxembourg tax authorities also accept tax returns prepared on an acounting year basis.
Regulated real estate ‘undertakings for collective investments’ (UCIs) are exempt from CIT in Luxembourg. However, they are subject to a fixed capital duty (EUR 1,250) and annual subscription tax.
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- Posted in Europe Law & Taxes, Luxembourg