Resident saving
From 1st of January 2006, the legislation providing that a final flat rate of withholding tax of 10% on savings incomes (retenue à la source libératoire - RSL). This decision concerns all the luxembourg resident (individuals).
Who are aimed by flat rate of withholding tax ?
To get benefit from this regim, the resident must be liable for natural person tax.
For that, he must have his principal residence in Luxembourg.
In pratice, he must hold a fiscal number as a luxembourg fiscal resident.
What incomes are aimed to this Law ?
The income liable to RSL definition is the same as Saving Tax Directive (2003/48/CE on 3st of June 2003).
Are taxed at source :
-
interests paid by a bank to remunerate a bank investment (bank book)
-
interest included in Zero Bond Type credits
-
interest paid to debenture loans holders
-
...
Are excluded of this large definition
-
bonds who benefit of "Grand Père" clause (2001)
-
interests paid on saving for house-purchase
-
interests paid on credits accompaigned by a participative clause to debtor's benefits
-
interests on current accounts for which maximum rate is 0.75%
Banking secret
Information (unamed) collected in the RSL area can't be used in fraud proceedings or taxe of previous trading (1/1/2006). Therfore, the banking secret is perfectly preserved.
Wealth Tax
There is any more fortune tax for resident and non resident natural persons on their assets (movables and immovables)
Exemption
The first 1500€ income-bracket is tax exempted. RSL can therefore be paid off to saver, if it has been paid out.
- Company Law
- Fiscal laws - Corporations
- Soparfi
- Securitisation
- Specialised Investment Fund (SIF)
- EC Directives
- Tax Treaties
- Private Asset Management Company (SPF)
- Head office transfer
- Foundation
- Permanent establishment
- SICAV
- IP-Copyrights - royalties
- SICAR
- Real Estate Company
- The European Company (SE)
- Fiduciary Agreement
- Tax consolidation
- V.A.T.
- Banking In Luxembourg
- E-Commerce - VAT
- The Residency status
- Resident saving
- Holding 1929
- Individual taxation
LUXEMBOURG
-
The fiduciary agreement
The fiduciary agreement enables the transfer of the legal ownership of goods by creating a "patrimoine d'affectation” separated from the personal estate... -
The European Economic Interest Grouping
The European Economic Interest Grouping (“EEIG”) and the Economic Interest Grouping (“EIG”) have similar features exception made of the European residency... -
Luxembourg and microfinance
A new step forward which reinforces the attractiveness of Luxembourg as a hub for microfinance.The Luxembourg government has just passed a "Règlement... -
FIDOMES is Looking for New Collaborators
Manager Corporate & Trust Department Director Tax Department Experienced Legal Counsel Funds (m/f) Experience Web & Print Designer... -
IPR in Luxembourg: tax exemption
The tax attractiveness of Luxembourg regarding the intellectual property has increased by the introduction of a tax optimisation regime for the use... -
Islamic Finance in Luxembourg
As a leading financial place in Europe, Luxembourg is the 1st non Muslim place for the domiciliation of Shariah compliant funds in 2009.The Grand Duchy... -
Rental office in VEGA Center
Offices to rent in the Vega Business Center In Capellen - motorway from Luxembourg to Arlon exit n°2 10 minutes from Luxembourg-city Surfaces...
More news
NEWS
© FIDOMES S.A. - 2010
