Luxembourg – Online IPT Filing from April 2021

Elliot Shulver
March 22, 2021

This blog was last updated on May 6, 2021

From April, insurers will start to make their first electronic filing of Insurance Premium Tax (IPT) in Luxembourg using the new online submission portal – myGuichet. Along with other European territories, the Luxembourg tax authority has sought to streamline and improve IPT collection and administration. Using an online portal is an efficient and secure way to receive tax returns and is backed by a strong authentication method linked to a registered individual.

During January 2021, the Administration de l’enregistrement, des domaines et de la TVA (AED) sent letters to registered insurance companies informing them of the change. Although the change was effective from 1 January 2021, IPT in Luxembourg is filed on a calendar quarter basis with the first quarter period declaration due in April. Also mentioned in the letter is the change of declaration deadline, which has been brought forward to the 15th of the month.

Taxpayers should keep in mind the change of deadline and amend their systems and reporting accordingly. Sovos clients have received notification of this change and updates to our processes and systems to reflect the new requirements are complete.

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Author

Elliot Shulver

Consulting Manager, IPT compliance for indirect taxes at Sovos. A chartered accountant with 6 years’ experience of indirect tax, including IPT, VAT and Gambling Duties, Elliot is responsible for our Consultancy practice, as well as providing regulatory updates for our global compliance solution suite.
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