Luxembourg tax procedures, controversy and litigation
Summary:
There are many pitfalls in Luxembourg tax procedures that can be easily overlooked. This can quickly lead to tax penalties and disputes for companies, as well as liability issues for those responsible.
A thorough knowledge of tax procedures is therefore the key to preventing disputes in the first place. However, not all tax disputes can be avoided. There has been a steady increase in the number of tax disputes in recent years and this trend is set to continue. Too often, tax disputes are lost, not on the merits of the case, but by ignoring the formal steps of proceedings or by following an inappropriate litigation strategy.
A better understanding of tax procedural law will enable taxpayers and professionals to better prevent, manage and resolve tax disputes.
This course provides a holistic overview of Luxembourg tax procedures, disputes and litigation for direct taxes (income, corporate and net wealth), VAT and other taxes.
What the participants will get out of it:
By the end of this training, participants will:
- have a greater understanding of the rights and obligations of taxpayers in Luxembourg
- become aware of the tax penalty and tax liability regimes
- be able to identify the risk of tax evasion and fraud in their organisation and during the anti-money laundering review process for new clients
- have a bigger picture of information and formal powers of the tax administration
- gain a practical overview of the various remedies available for taxpayers to solve disputes
Content:
- Tax penalties for non-compliance in case of tax and VAT returns not or lately filed, incomplete or incorrect (incl. calculation of deadlines)
- Tax enforcement in case of non-payment (incl. statute of limitations and liability for unpaid taxes)
- Tax evasion and fraud (incl. reporting obligation for money laundering of predicate tax offences)
- Tax and VAT audits (domestic and jointly with foreign tax authorities)
- Tax controversy and overview of the remedies for taxpayers to challenge tax assessments and penalties
- Tax reporting and exchange of information (automatic, on request, spontaneous)
- Mutual agreement procedure and arbitration (particularly for transfer pricing disputes)
- Tax litigation in the Luxembourg courts and beyond
The participants targeted by this course:
- Taxpayers and directors: understand the Luxembourg tax procedures and acquire a sound knowledge of the subject
- Tax professionals: strengthen your ability to advise and defend your clients against the challenges of criminal tax law
- Financial sector professionals: broaden your understanding of the formal and procedural rules of the Luxembourg tax system
Hermann SCHOMAKERS
Hermann Schomakers is a Director at PwC Luxembourg in the Tax Controversy & Dispute Resolution department. A tax professional since 2007, he advised some of the world’s largest companies and funds on complex transactions and restructurings from a Luxembourg, European and international tax perspective. Hermann is committed to protect taxpayers' rights during tax controversies, tax audits, mutual agreement procedures, exchange of tax information, tax litigation and in criminal tax investigations. Hermann is a certified Luxembourg tax advisor. He studied law at the University of Münster (Germany) and the University Panthéon-Assas Paris II. He qualified as a lawyer and tax advisor in Germany.
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Registration fees:
Registration for face-to-face or distance training: €295 incl. VAT
Student rate: €48.55 excl. VAT, i.e. €50 incl. VAT per session (on condition that you send a copy of your student card and proof of enrolment. This reduction is designed to make our courses and documents accessible to students who are genuinely committed to their studies and have no source of professional income).
Authorisation:
Legitech has been approved by the Luxembourg Bar.
Eligible for Legitech vouchers