Memola & Partners - Conseils Comptables et Fiscaux au Luxembourg https://memola.lu/en Tue, 10 Oct 2017 12:33:44 +0000 en-US hourly 1 https://wordpress.org/?v=3.9.24 Tax Reform 2017 : What’s new for private individual https://memola.lu/en/tax-reform-2017-whats-new-for-private-individual/ https://memola.lu/en/tax-reform-2017-whats-new-for-private-individual/#comments Tue, 29 Aug 2017 12:56:59 +0000 http://memola.lu/en/?p=896
  • House savings :

    • All tax payers under 40  will benefit from higher levels of deduction from 1.344 € against 672 € previously.

     

    • House mortgage loan :

    The level of deductibility of house mortgage loan has been increased. The level has been set at 2.000 € for the six first years, to 1.500€ for the next five years and to 1.000€ for the next years.

     

    • Primary residence :

    The rental value for primary residence has been abolished.

     

    • Sale of real-estate

    The real-estate capital gains are now taxable at a quarter of normal tax rate for sales until the 31th december 2017.

     

    • IEBT

    The IEBT (Impôt d’équilibrage budgétaire temporaire) of 0,5 % has been abolished.

     

    • CIS / CIP

    The salaries tax credit (CIS) and the pensioner tax credit (CIP) has been index with the annual revenue of the taxpayer.

    For annual revenues between 936 € and 11.265 €, the CIS and the CIP have been increased from 300 € to 600 € per year.

    For annual revenues between 11.265 € and 40.000 €, the CIS and the CIP have been fixed at 600 € per year.

    For annual revenues between 40.000 € and 80.000 €, the CIS and the CIP have been decreased from 600 € to 0 € per year.

     

    • CIM

    The credit tax single parent (CIM) has been also index with the annual revenue of the taxpayer.

    For annual revenues between 0 € and 35.000 € par an, the CIM has been fixed at  1.500 € per year.

    For annual revenues between 35.000 € and 105.000 €, the CIM has been decreased from 1.500 € to 750 € per year.

    ]]>     https://memola.lu/en/tax-reform-2017-whats-new-for-private-individual/feed/ 0     ISAE 3000 : we are certified https://memola.lu/en/isae-3000-we-are-certified/ https://memola.lu/en/isae-3000-we-are-certified/#comments Sun, 27 Aug 2017 08:34:27 +0000 http://memola.lu/en/?p=902 Ever concerned by our customers expectations, and also interested to developp some more new performant tools, we have took the decision to enter in a process of recognition for our payroll services MEMOLA_CONCEPT_IMPRESSION-lightwith obtention of an international standard, the standard ISAE 3000.

    We have had our internal process test for payroll services by PwC Luxembourg.

    This certification of Type I is the accomplishment of a day to day substantive work realized by our specialists team  for our customers. It is also the better proof that we are able to offer quality services in an human scale company.

    This process initiate in 2016 is now awarded by this international certification well known and recognized.

    This certification made us one of the few luxembourgish company which hold this qualification for payroll consultancy.

    We stay of course at your disposal for any further informations about all the services offre by our department.

     

    What is ISAE 3000 :

    This is an international standard which certify to the companies whishing outsourced a part of their administration to obtain the guarantee of the internal controls set up by the choosen provider.

    This report, realized by an external auditor may be transmit to customer and their auditors for the internal process audits.

     

    ]]>     https://memola.lu/en/isae-3000-we-are-certified/feed/ 0     Tax reform 2017 : what’s new for the corporate entities ? https://memola.lu/en/tax-reform-2017-whats-new-for-the-corporate-entities/ https://memola.lu/en/tax-reform-2017-whats-new-for-the-corporate-entities/#comments Thu, 10 Aug 2017 08:22:36 +0000 http://memola.lu/en/?p=899
  • IRC – Corporate Tax :

    • The corporate tax, IRC (L’impôt sur le revenu des collectivités) will continuously decreased until 2018. Before at 21%, he is now established at 19% and will be decreased at 18% from 2018

    The objectives of the reform are to enhance the competitiveness of companies, and the the attractivness of Luxembourg regarding the other european countries.

    To promote entrepreneurship and small business, the IRC has been fixed at 15 % on a taxable income below 25.000 €.

     

    • Other changes :

    The tax of 0,24% for acts of debt obligation has been abolished.

    The minimum wealth tax for holding companies has been increased at̀ 4.815 €.

    The tax loses carried forward has been limited at 17 years.

     

    • Company Vehicle

    The flat rate of benefit in kind for company cars has been modified and indexed on CO2 rates emission.

    ]]>     https://memola.lu/en/tax-reform-2017-whats-new-for-the-corporate-entities/feed/ 0     We’re moving in Luxembourg https://memola.lu/en/were-moving-in-luxembourg/ https://memola.lu/en/were-moving-in-luxembourg/#comments Fri, 11 Sep 2015 05:41:49 +0000 http://memola.lu/en/?p=880 We’ve moved in at a new address in Luxembourg city: 74, rue de Merl L-2146 Luxembourg.

    ]]>     https://memola.lu/en/were-moving-in-luxembourg/feed/ 0     Removing the VAT certificate for Belgian residents with a car leasing https://memola.lu/en/removing-the-vat-certificate-for-belgian-residents-with-a-car-leasing/ https://memola.lu/en/removing-the-vat-certificate-for-belgian-residents-with-a-car-leasing/#comments Tue, 18 Nov 2014 08:33:17 +0000 http://memola.lu/en/?p=876 Following a Belgian Royal Decree (Royal Decree of 18th June 2014 on the registration of vehicles) coming into force by 1st October 2014, drivers with a company vehicle registered in Luxembourg will no longer need to ask the Belgian administration the VAT certificate required until now.

    They will have to keep in the vehicle a copy of the employment contract and a certificate of availability of the vehicle from their employer.

    ]]>     https://memola.lu/en/removing-the-vat-certificate-for-belgian-residents-with-a-car-leasing/feed/ 0     Future pact / 2015 Budget: what will change for individuals https://memola.lu/en/future-pact-2015-budget-what-will-change-for-individuals/ https://memola.lu/en/future-pact-2015-budget-what-will-change-for-individuals/#comments Tue, 18 Nov 2014 08:28:25 +0000 http://memola.lu/en/?p=873
  • Introduction on 1st January 2015 with a contribution of 0.5% of revenues to fund family policy
  • Fusion from family bonus and family benefits that will be paid as a single amount
  • Deletion of education allowance and maternity allowance
  • Standardization of the family allowance amount per child (regardless of the number of children in the household)
  • Housing bonuses and benefits will be capped on the applicant’s income.
  • Super-reduced VAT rate of 3% for the renovation and acquisition will be limited to personal use buildings
    • ]]>     https://memola.lu/en/future-pact-2015-budget-what-will-change-for-individuals/feed/ 0     Future pact / 2015 Budget: Changes in VAT https://memola.lu/en/future-pact-2015-budget-changes-in-vat/ https://memola.lu/en/future-pact-2015-budget-changes-in-vat/#comments Tue, 18 Nov 2014 08:08:37 +0000 http://memola.lu/en/?p=871
  • Increase of the standard, reduced and intermediate VAT rate of 2%. They pass respectively from 15% to 17%, from 6% to 8% and 12% to 14%.
  • The super-reduced rate of 3% for the renovation and acquisition works is reserved for buildings for personal use.
  • For real estate investment, rental or speculative purposes, the rate is increased to 17%.
  • The VAT rate for alcoholic beverages is also revised upward, increasing from 3% to 17%.
    • ]]>     https://memola.lu/en/future-pact-2015-budget-changes-in-vat/feed/ 0     Grade-related information and social minimums https://memola.lu/en/grade-related-information-and-social-minimums/ https://memola.lu/en/grade-related-information-and-social-minimums/#comments Wed, 16 Apr 2014 11:30:32 +0000 http://memola.lu/en/?p=472 From October 1st 2013, the index is : 775,17

    Below is a sample of social settings for the current index and the provisions for increased social minimum of 1st October 2013:

       

      • Minimum wage € 1,921.03 / month
      • Qualified minimum wage: € 2,305.23 / month
      • Maximum contributory € 9,605.13 / month

       

    ]]>     https://memola.lu/en/grade-related-information-and-social-minimums/feed/ 0     New website https://memola.lu/en/new-website/ https://memola.lu/en/new-website/#comments Wed, 16 Apr 2014 11:28:34 +0000 http://memola.lu/en/?p=470

    Welcome to the new Memola website.

    As you can see, our website just got a new look.

    We completely redesigned the interface and design to enhance your browsing comfort.

     

    You can also find on the website:

    - A description of our society

    - All our services

    - A recruitment section

    - Some useful links for Luxembourg administration

    - Our address and contact details

    - Access to the Salaries portal – Secure customer area

     

    Feel free to send us an email if you have any feedback or if you have any questions about our new website.

     

    ]]>     https://memola.lu/en/new-website/feed/ 0