Completing your tax return, it's not that complicated

My money and my future

April 24, 2018

Taxpayers filing a tax return in Luxembourg must do so by 31 December. Did you know that you can deduct a number of insurance premiums from your tax return, thereby reducing your tax bill? Don't know how to go about it? Don't panic: to help you, we've put together 4 explanatory videos.

In this first video, you will find out how to indicate the amounts you pay for your public liability-type insurance ("PL"), such as, for example, the PL of your car insurance.

Here it is a matter of indicating the amounts you pay for your public liability-type insurance ("PL"), such as, for example, the PL of your car insurance.

In this third video, you will find out which steps to take to declare the premiums for your pension policies and incorporate them into your tax return.

You have bought a property and have taken out a single premium outstanding balance policy: discover the "tax potential" of this single premium in this fourth video.

"As regards tax deductions, life insurance premiums (under certain conditions) and non-life insurance premiums (only certain risks) are considered advantageously by the direct tax department.These advantages are regulated and influenced by compliance with articles 111 LIR (for life and non-life insurance), and by article 111bis LIR (for pension policies). So, if you have paid eligible insurance premiums in 2017, don't forget to declare them!"

And in order to benefit fully from the potential on offer to you for next year, don't hesitate to consult Baloise's website or to contact one of the Baloise agents near to you.