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By Hermann SCHOMAKERS, Tax Controversy Dispute Resolution, Director and Fadua NAYEF, Senior Tax Associate, PwC Luxembourg
In mid-July, the Chamber of Commerce will send out letters to its 90,000 members to collect the annual fee (the so-called bulletin de cotisation). For some members, it will be a flat fee of €350 only. For others, the annual fee may be a significant amount.
Background
In 2022, the Luxembourg Chamber of Commerce received some €52 million in membership fees. In that same year, the Luxembourg state collected ca. €70 million of insurance taxes and ca. €63 million of withholding taxes on directors´ fees. With this amount, the membership fee can be seen as a hidden cash tax...
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