Enlighten your future TAX AND VAT COMPLIANCE
Every company must comply with tax regulations by making regular declarations and filings. Taxation is also a key element to be taken into consideration in the management of a company, with a view to optimising cash flow, controlling risks, ensuring compliance and taking full advantage of possible exemptions.
In Luxembourg, an economy that is open to the world, managing the taxation of business activities can be complex. The issues and obligations may differ considerably, whether you wish to develop a commercial activity within Luxembourg, export your goods and services internationally, or consolidate international activities from the Grand Duchy.
Omnitrust supports you in managing the tax aspects, registering with the authorities, preparing filings and declarations, ensuring that your documents are submitted to the authorities on time, and ensuring the recovery of amounts that qualify for recovery.
We also support you in your tax choices and provide access to tax advisors who can assist you and look after all your interests.
More than just a fiduciary service provider, our aim is to support you in all your undertakings, whether you are a company director or a private individual. We will strive to improve the tax management of your company and will also support you on a personal or family level, taking into account the possibilities available to you.
Taxation is at the heart of many of our clients’ issues. Our in-depth knowledge of each specific situation enables us to provide you with the best possible support in this area, with the aim of facilitating the process and making the best decisions for each individual.
LOCAL AND INDEPENDENT ENTREPRENEURS
Facilitating the management of tax obligations
As a local entrepreneur or through your self-employment activity, you are subject to a number of tax obligations. Over and above income tax, there are also payroll taxes and VAT.
Omnitrust assists you in managing your obligations, in particular through the preparation of declarations within the applicable deadlines, while advising you on the possibilities available to you to reduce the overall tax burden.
Find out moreRelated services
Formation of a company
Receive the right guidance at every stage of setting up your business.
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Provision of office space
Launch your business without wasting valuable time looking for premises.
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Accounting
Access clear and detailed financial information to support the management of your business.
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Corporate services
We offer you advice on HR administration and your HR obligations.
+ More informationINTERNATIONAL ACTORS
Partnering with you to manage international taxation
European and global jurisdictions. This positioning confers an undeniable advantage on any actor wishing to consolidate its international activities from the Grand Duchy.
Our role is to enable them to understand the inherent complexities of taxation and to structure themselves in line with their situation, while complying with the current regulations. We ensure that their obligations are met by preparing declarations and lodging filings with the relevant authorities, while advising them on how to reduce their tax burden.
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Formation
We assist you in structuring your entities in Luxembourg while taking into account your specific needs and objectives.
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Administration and governance
We oversee your legal and administrative obligations by organising your key committees, ensuring timely reporting and filing, and providing local administrators.
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Tax compliance
Our accounting expertise ensures that you receive clear and useful information for the management of your business.
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Regulatory services
Our familiarity with the regulatory framework and developments means that you can ensure compliance and anticipate future obligations.
+ More informationWhat Is Tax Compliance and Why Is It Essential for My Business?
Tax compliance represents a company's adherence to all its fiscal and legal obligations, including meticulous bookkeeping, accurate preparation of tax returns, and timely payment of tax liabilities such as corporate tax, income tax, payroll tax, and value-added tax (VAT). It involves proper tax filing, understanding of withholding requirements, utilization of available tax deductions, tax credits, and exemptions, and staying updated on current tax laws, tax rates, and tax code changes. In Luxembourg, the tax system is complex and constantly evolving, requiring the use of various tax forms and compliance with electronic filing mandates. Non-compliance may lead to tax audits, penalties, interest charges, and potential allegations of tax evasion imposed by the tax authorities. Effective tax planning and management, including leveraging tax incentives, tax breaks, and staying informed on tax reform, enhances your company's credibility with business partners and investors while ensuring a healthy and sustainable fiscal situation.
How Can a Fiduciary Help My Business Meet Tax Obligations in Luxembourg?
A fiduciary in Luxembourg can be a valuable asset in ensuring your company's tax compliance. With expertise in taxation, VAT, accounting, and as tax professionals, they assist you in the preparation and electronic filing of your tax returns, such as corporate tax returns, income tax returns, and VAT returns. The fiduciary ensures adherence to due dates and tax obligations by meticulously maintaining your accounting records, performing necessary bookkeeping and accounting entries, and managing payroll taxes. They also advise you on possible tax deductions, tax credits, and exemptions, while guaranteeing compliance with tax laws and regulations. By staying informed about changes in the tax code, tax rates, and tax laws, they adjust your strategies to avoid tax risks such as tax audits, penalties, or tax adjustments. Collaborating with a fiduciary provides you with a dedicated tax professional who efficiently manages your accounting and tax obligations, allowing you to focus on growing your business.
What Are the Risks and Consequences of Non-Compliance with Tax Regulations?
Non-compliance with tax regulations exposes your company to significant tax risks and severe consequences. You may be subject to thorough tax audits by the tax authorities, leading to tax adjustments, penalties, interest charges, and late payment interest. These financial sanctions can heavily impact your cash flow, taxable income, and may even lead to deficits. In cases of tax fraud or deliberate non-compliance with tax obligations, executives can be prosecuted criminally, facing penalties including fines and imprisonment. Furthermore, failure to comply with accounting and tax obligations can result in the loss of tax credits, fiscal advantages, or tax allowances, further affecting the company's fiscal situation. These shortcomings can also harm your company's reputation, affect the trust of business partners, investors, and clients, and compromise your relationships with tax authorities. Finally, irregularities may trigger accounting audits and additional tax controls, increasing pressure on your internal resources and diverting attention from your core activities.
DO YOU WANT TO CREATE
OR LOCATE A BUSINESS
IN LUXEMBOURG?
So, we have a lot to discuss. The core of our support starts with you, usually with an open discussion about your projects, your ideas, your ambitions and your aspirations.
Do you want to tell us more?
Postal Address
23 rue Jean Jaures,
L-1836 Luxembourg
SEND US EN E-MAIL
contact@omnitrust.lu
PHONE NUMBER
+352 22 66 33 - 1