Arrêté du 10 avril 1940 sur les avances d'impôt. | http://data.legilux.public.lu/eli/etat/leg/a/1940/04/10/n3/jo — Luxembourg law | Esheria

Arrêté du 10 avril 1940 sur les avances d'impôt.

The preamble says the Finance Minister is authorised to set the terms for tax advances payable by taxpayers on direct taxes.

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Jurisdiction
Luxembourg
Instrument
Decision
Citation
http://data.legilux.public.lu/eli/etat/leg/a/1940/04/10/n3/jo
Status
In force
Version
Undated source snapshot
Language
fr
Updated
Official source
View official record ↗
advance payment advance payments advance tax payments direct taxes installment payment late interest tax advances withholding tax

Statute overview

About this statute

The preamble says the Finance Minister is authorised to set the terms for tax advances payable by taxpayers on direct taxes. Certains contribuables doivent payer une avance sur leurs impôts directs lorsqu’ils dépassent un seuil de 2.000 fr. ou remplissent les conditions indiquées. Tax advances are set at half of a specified tax assessment basis, rounded down to the nearest hundred francs, and paid advances are credited against the same year’s tax assessment. The advance must be paid in two installments if it exceeds 50,000 fr.; otherwise it is due on 1 July. Late interest accrues at 1% per month from the relevant due dates. Taxpayers subject to the specified withholding tax are also subject to an advance if their other taxable income leads to a tax assessment above 2,000 francs for the current year.

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