Description
Description
The aim of this training course, which focuses on personal taxation, is to provide participants with a theoretical and practical training course that will enable them to gain a better understanding of the subject from a number of different angles. It will involve a review of the different concepts of personal taxation and the various elements involved in calculating tax. This course will enable participants to complete personal tax returns for both generic and specific cases, by putting into practice the essential elements of Luxembourg taxation. Participants will approach the course through practical exercises in the various chapters and a summary exercise.
Objectives
At the end of the course, participants will be able to:
Understand the main aspects of the Luxembourg personal tax environment
Complete personal tax returns
Carry out a personal tax calculation
Programme
The main themes of the course include:
General principles of personal taxation
The distinction between professional and private income
Private expenses and determining net income
The different categories of income (self-employed, salaried employment, business profits, pensions and annuities, movable capital, property rental, etc.)
Income available
Special expenses, tax credits and allowances
Extraordinary income and charges
Tax filing obligations
Double taxation agreements (high level introduction on the principles)
More specific topics:
The Relibi law (optional regime for the 20% withholding tax on certain interest earned on savings and paid by a paying agent established abroad)
The home savings scheme
Approved occupational pension scheme
The old-age savings scheme
The latest developments in individual taxation:
Taxation of cross-border commuters (high level comments)
Individual taxation
RCPI (approved occupational pension scheme for the self-employed workers)
Exercises
Calculating net income from employment
Calculating net property income (main residence and rental income)
Calculation of net income from transferable securities
Calculation of special expenses
Calculation of extraordinary expenses
Calculation of adjusted taxable income
Summary exercise with preparation of personal tax return and corresponding tax calculation
Target audience
Fiduciaire tax specialists, accountants, any interested person willing to upgrade their skills in Luxembourg personal tax aspects.
Conditions
Course Material
Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.
Location
L-1615 Luxembourg
Luxembourg
Sessions and schedules
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