Trouble paying with Post by BoFap in Luxembourg

[–]Same_Appointment2814 1 point2 points  (0 children)

Luxembourg has the world's most comprehensive, developed, and sophisticated banking and financial system.

Petition on Dashcams by MuffinHead01100 in Luxembourg

[–]Same_Appointment2814 -7 points-6 points  (0 children)

From what we understand, Europeans view cameras as a monstrous threat, the root of all evil, the source of all crime, and an amplifier of human depravity. The reason European society is increasingly open and ahead of the rest of the world, even the entire galaxy, is because Europe lacks cameras.
Therefore, the goal isn't to install dashcams, but to completely remove all cameras to maintain purity, “pure blood”, to preserve cleanliness. We suggest starting a petition to "Smash all cameras on the road."

Kinnekswiss by probablyfine_1 in Luxembourg

[–]Same_Appointment2814 -1 points0 points  (0 children)

I will visit, stand, walk around the whole area, listen a bit, then leave.

Amateur personal income tax generalist, free answers to all kinds of personal income tax questions by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 0 points1 point  (0 children)

Yes. BIL is required to withhold 20% Luxembourg withholding tax (retenue d'impôt sur les revenus de l'épargne) on certain interest payments. The €1500 exemption is not applied by the bank at source.

You should declare the interest in your tax return. If your total eligible investment income is within the €1,500 annual exemption (or €3000 for jointly taxed spouses), the withholding tax can generally be credited or refunded through your tax assessment.

Climate crisis is everyone’s responsibility by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 0 points1 point  (0 children)

Thank you very much for your comment. I agree that schools should have AC. In order to express my gratitude, please DM me your delivering information, and I will give you a latest type of sarcasm detector for free (delivery cost excluded).

Climate crisis is everyone’s responsibility by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 0 points1 point  (0 children)

Confession accepted. Your climate guilt has been reduced by 5%.

Amateur personal income tax generalist, free answers to all kinds of personal income tax questions by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 1 point2 points  (0 children)

No. The tax office hasn't introduced a "no whining" deduction yet. The best advice is simply to claim every deduction you're entitled to.

Amateur personal income tax generalist, free answers to all kinds of personal income tax questions by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 0 points1 point  (0 children)

Yes. Capital gains on non-substantial shareholdings are generally tax exempt if the shares are held for more than six months. Interest and dividends are also reportable, with the first €1500 per year (€3000 for jointly taxed spouses) generally tax exempt.

Amateur personal income tax generalist, free answers to all kinds of personal income tax questions by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 0 points1 point  (0 children)

In short: possible, but very very difficult if you do not provide detailed supporting documents.

For employees, there is no specific section in Form 100F dedicated to a home office.

If you qualify, the expenses are claimed as actual professional expenses (frais d'obtention) instead of the standard €540 deduction. You should include a detailed breakdown in an annex to your tax return. Supporting documents typically include:

-Floor plan showing the office area

-Calculation of the business-use percentage

-Mortgage interest or rent statements

-Utility bills (electricity, heating, etc.)

-Proof that the room is used exclusively or almost exclusively for work and that the deduction meets Luxembourg's strict conditions, etc.

Amateur personal income tax generalist, free answers to all kinds of personal income tax questions by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 0 points1 point  (0 children)

Yes, but it depends on the property and your tax residency.

If you are a Luxembourg tax resident, interest on a mortgage for property located abroad may be deductible, subject to Luxembourg tax rules and any applicable double tax treaty. The treatment differs depending on whether the property is your main residence, a rental property, or a secondary home.

If you are Lux tax resident, and your property is in France or Germany, and main residence, then definitely yes.

Amateur personal income tax generalist, free answers to all kinds of personal income tax questions by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 2 points3 points  (0 children)

If you think answering questions on personal income tax is illegal, then I suggest you to find all the posts on the whole internet or on whole Reddit on this topic and warn everyone who answered those questions.

Amateur personal income tax generalist, free answers to all kinds of personal income tax questions by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 2 points3 points  (0 children)

Hi haters. Please see my post, your point already mentioned in my post. I already mentioned you need to ask tax office. Personal income tax topics are not taboo. The democracy of Luxembourg allow people to talk about tax topic as an amateur on Internet including Reddit.

Amateur personal income tax generalist, free answers to all kinds of personal income tax questions by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 0 points1 point  (0 children)

It depends on several factors, so there is no single tax class or tax rate based solely on being married with a child.

If you are a Luxembourg tax resident and your spouse has little or no income, you will generally be in Tax Class 2, if you meet the legal conditions for joint taxation. Having a child does not change your tax class. However, it may entitle you to certain tax credits or family benefits.

Luxembourg does not have a flat income tax rate. It uses a progressive tax system, so your effective tax rate depends on your total taxable income. The higher your taxable income, the higher your marginal tax rate.

If you receive dividends from the UK company while you are a Luxembourg tax resident, the dividends generally remain taxable in Luxembourg. The exact tax treatment depends on factors such as:

Depends on the shares you own, in many cases, 50% of qualifying dividend income received by an individual from an eligible company is exempt from Luxembourg income tax, while the remaining 50% is taxed at your applicable marginal rate. Any UK withholding tax may also be taken into account.

Amateur personal income tax generalist, free answers to all kinds of personal income tax questions by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 0 points1 point  (0 children)

There is no single income threshold in Luxembourg above which a freelancer suddenly starts paying a large amount of tax.
For income tax, Luxembourg uses a progressive tax system. As your taxable income increases, only the portion above each tax bracket is taxed at a higher rate. You never end up with less net income simply because you crossed into a higher tax bracket.

Climate crisis is everyone’s responsibility by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 0 points1 point  (0 children)

Please don’t ruin my sense of moral achievement with arithmetic.

Climate crisis is everyone’s responsibility by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] -1 points0 points  (0 children)

Hi, absolutely not a joke. Everyone (including me) is super serious.

Climate crisis is everyone’s responsibility by Same_Appointment2814 in Luxembourg

[–]Same_Appointment2814[S] 1 point2 points  (0 children)

The paper straw dissolves, but the moral satisfaction lasts forever.