A Tax Notice I Didn’t Expect in My First Year of Running a Company in Luxembourg

I assumed no revenue meant no tax obligations yet. I was wrong.

I received a Net Wealth Tax advance notice before invoicing a single client. My company hadn’t made any profit, so I didn’t expect to owe anything.

Net Wealth Tax isn’t based on profit. It’s a separate obligation from Corporate Income Tax, assessed independently, and can apply to a company with zero revenue. Owing nothing on one doesn’t mean the other is €0 too.

I’m not a tax advisor, and this isn’t tax advice. If you’re a new founder in Luxembourg, read every notice carefully and confirm details with a licensed tax advisor rather than assuming, as I initially did.

Since then, I’ve made it a habit to check every notice carefully as it arrives, so nothing catches me off guard again. It’s exactly this kind of ongoing compliance tracking LuxPartner Services handles for clients on the Monthly Partner Plan, one less deadline for you to worry about missing.