ARTICLE · 12 FEBRUARY 2024

Luxembourg Minimum Net Wealth Tax Provisions Declared Partly Unconstitutional

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On 10 November 2023, the Luxembourg Constitutional Court ruled that certain provisions of the Luxembourg minimum net wealth tax were contrary to constitutional principle of equality.

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Maxime Grosjean

Main takeaways

On 10 November 2023, the Luxembourg Constitutional Court ruled that certain provisions of the Luxembourg minimum net wealth tax were contrary to constitutional principle of equality.

Pending a change in the law, corporate taxpayers which, as at 1^st January, own financial assets representing more than 90% of their total balance sheet, and with the latter comprised between EUR 350,000 and EUR 2,000,000, should become subject to a minimum net wealth tax amounting to EUR 1,605 (instead of EUR 4,815).

Taxpayers in this situation that have been assessed since less than 3 months may file an appeal to see the decision applied

Net wealth tax and minimum net wealth tax

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