Luxembourg:
Is The Luxembourg Minimum Net Wealth Tax Fully In Line With Constitutional Rules?
28 August 2023
Chevalier & Sciales
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Administrative Tribunal – 18 April 2023
(n. 45910)
Minimum Net Wealth Tax (MNWT) – preliminary ruling by the
Constitutional Court:
The Constitutional Court is now tasked with ruling on the
validity of the legal provisions that apply to companies whose
total balance sheet falls between EUR 350,001 and EUR 2,000,000.
Specifically, the Court will assess whether entities with more than
90% of their assets composed of "financial assets" being
subjected to a higher MNWT than those with less than 90% of such
assets constitutes an infringement of the equality principle under
Article 10bis of the Luxembourg Constitution.
If you require additional information, please don't hesitate
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tax team.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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