CIT

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Test Your Knowledge on Corporate Income Tax!

Are you familiar with the rules and regulations governing Corporate Income Tax (CIT) in Luxembourg? Take our quiz to test your knowledge and deepen your understanding of key concepts. This engaging quiz is designed for tax professionals, students, and anyone interested in tax law.

10 Challenging Questions
Multiple Choice and Checkbox Formats
Learn while you play!

10 Questions2 MinutesCreated by CalculatingFox237

Which of the following entities is/are subject to CIT?

1) Partnership limited by shares

2) RAIF – SICAR

3) Nonresident opaque entity

What is the condition(s) for a company to qualify as a Luxembourg resident tax payer?

1) Registered office

2) Registered office or central administration

3) Place of effective management

How should the business profit of a company be calculated (art. 18 LIR)?

1) Net assets at the end – net assets beginning of the fiscal year + withdrawals made by the shareholders - additional contributions made.

2) Net assets at the end – net assets beginning of the fiscal year - withdrawals made by the shareholders - additional contributions made.

3) Net assets at the end – net assets beginning of the fiscal year + withdrawals made by the shareholders + additional contributions made.

Which of the following statements is true? WHT on dividends is paid by the paying company on behalf of the recipient within 8 days…:

1) As from the date the income is made available to the recipient.

2) Only as from the date the board meeting has been signed.

3) As from the 31 December of the financial year.

If any, which of the following expenses is/are deductible from a CIT perspective?

- corporate income tax, net wealth tax & municipal business tax

- criminal and administrative fines/penalties

- expenses incurred for religious, charitable or general interest purposes

- Interest expenses in relation with a qualifying participation

- Expenses in relation with IP rights

What is the CIT rate applicable for taxable income above EUR 200,000?

1) 15%

2) 16.05%

3) 17%

4) 18.19%

In which Luxembourg law will you find the legal deadline for filing tax returns?

- Abgabenordnung (Loi Générale des impôts)

- Steueranpassungsgesetz

- Bewertungsgesetz

- Loi modifiée du 4 décembre 1967 concernant l’impôt sur le revenu (L.I.R.)

When should the 2022 CIT return be filed?

1) Should be filed by March 31, 2023

2) Should be filed by May 31, 2022

3) Should be filed by December 31, 2022

4) Should be filed by December 31, 2023

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