ARTICLE · 09 DECEMBER 2016

Four Tax Must-Remembers For December

KPMG Luxembourg

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Welcome to Part II of our tax advent calendar—one tax tip each day this December! (OK, forgive us if we're nerds, but we love tax matters. And we know tax matters).

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Frederic Scholtus

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Welcome to Part II of our tax advent calendar—one tax tip each day this December!

(OK, forgive us if we're nerds, but we love tax matters. And we know tax matters).

Here's part one if you missed it:

Three VAT tips for 2016 year-end

Or, read on for four fresh tips:

Come with me if you want to give

Be charitable sooner rather than later: donations made in 2016 to qualifying charitable institutions can be deductible on your 2016 Luxembourg individual income tax return. For the donation to be deductible, a minimum yearly aggregated contribution of €120 is required; the deduction applies to either €1,000,000 or 20% of your household's taxable income, whichever is lower.

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