Taxes in Europe Database v2
Wealth Tax Law of 16 October 1934; Regulation of 31 October 1939 amending the Wealth Tax Law;
Regulation implementing the Wealth Tax Law of 2 February 1935;
Ministerial Regulation of 16 April 1969;
Laws of 23 December 1975 amending certain provisions of the wealth tax (Mémorial A, 1975, p. 2167), of 31 July 1982 (Mémorial A, 1982, p. 1474) and of 14 June 1983 (Mémorial A, 1983, p. 1073);
Law of 6 December 1990 reforming certain provisions concerning direct and indirect taxation (Mémorial A, 1990, p. 1013);
Law of 21 December 2001 (Mémorial A, 2001, p. 3312);
Law of 22 March 2004 (Mémorial A, 2004, p. 720);
Law of 15 June 2004 (Mémorial A, 2004, p. 1568);
Law of 23 December 2005 (Mémorial A, 2005, p. 3366).
Grand Duchy of Luxembourg.
Legal persons except partnerships (sociétés de personnes); members of which are taxed individually on the value of their participation, if members are legal persons. The net wealth tax on individuals has been abolished with effect from 1 January 2006.
Total property, gross (farms and forestry holdings, all other movable and immovable, tangible and intangible property), less debts.
Minimum taxable amount:
Pension funds, employers' pension and provident funds with legal personality; non-profit-making institutions of a charitable nature or such institutions serving the public interest; the national society for low-cost housing; public authority enterprises, securisation companies, venture capital/private equity investment vehicles (SICAR) in form of stock corporations.
Super reduced rate
General assessment every three years: a part of the tax is fixed annually and collected quarterly (by way of advance).
Administration of direct taxes (Administration des contributions directes).
Only assets located in Luxembourg are taxed.