Luxembourg
Taxation in Luxembourg
Recent forum posts
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SBLC,BG, AVAILABLE.
Sir,We work with established UK-based financial institutions to facilitate access to a variety of bank-issued instruments for qualified clients. These services are available for structured financing, project funding, and trade facilitation. Bank Guarantees (BG) Standby Letters of Credit (SBLC) Documentary Letters of Credit (DLC) Pre-advice and Funds Allocation Messaging
Total Posts: 1 Last post by Georgii07
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#Business Finance, Loan Security, Project Funding, Trade finance, Any Financial Requirement above 1M USD/EURO via BGs/SBLCs/DLCs/LCs/MT799/MT700/MT760 all Cash & Assets Backed and Monetization.
Sir.,I work directly with a very close reliable and effective provider who engage in banking instruments such as BG, SBLC, DLC, LC, and more at lowest prices, can potentially be utilised for various financial needs, including monetisation, project financing, and trade activities.In addition, these instruments can be used as collateral or for participation in Public-Private Partnership (PPP
Total Posts: 1 Last post by Georgii07
Taxation in Luxembourg
Unfortunately, Luxembourg is subject to high taxed. Luxembourg tax liability applies to Luxembourg residents on their worldwide income. An individual qualifies as a resident if they have a tax domicile or residency in Luxembourg.
Income Tax
Taxation in Luxembourg (in Euros):
0 - 11,265 0%
11,265 - 13,171 8.20%
13,171 - 15,077 marginal increase of 2.05% per slice of EUR 1,906
Above 39,885 38.95%
Corporate tax
Companies are subject to the Communities Income Tax (IRC). In addition, a surcharge of 4% is payable to the unemployment fund. A municipal business tax is also levied at an average rate of 7.5%. A municipal commercial tax (ICC) also applies to commercial, industrial, mining, and craft entities established in Luxembourg at a rate of 3%.
VAT
The maximum VAT rate is 15% which is the lowest in the European Union. Some financial, health and medical services are exempted of VAT.The reduced rate is 6% - 12% and the super reduced rate is 3%