Article 70ter of the VAT Law implements the provisions of the new Article 243a of Directive 2006/112/EC, which imposes starting 1st January 2024 new obligations on payment service providers in order to fight against VAT fraud. Article 70ter of the VAT Law provides that any payment service provider for which Luxembourg is the home Member
The Law dated 22 December 2023 has been published into the Memorial A838 on 22 December 2023. Starting 1st January 2024, it amends the article 61.3 of the VAT law and extends the scope of the reverse charge mechanism to the supply of the following goods, where the value of the transaction exceeds EUR 10,000
The Luxembourg VAT authorities published on 27th December 2023 the Circular n°812-1 concerning the end of the temporary VAT rate reduction on 31st December 2023. The following rates will apply from 1 January 2024: The super-reduced rate of 3% will remain unchanged. Particular attention should be paid to the provisions of articles 21 to 24
Bill of law 8149, which was tabled in the Chamber of Deputies on 8 February 2023, has been withdrawn from the Chamber of Deputies’ register of cases. However, according to the 2023-2028 coalition agreement published on 20 November 2023, the new Luxembourg Government wishes to improve the existing system and will consult the European Commission
Making company cars available to employees is a well-established practice in Luxembourg, including for the large number of cross-border employees resident in Germany, Belgium and France. The arrangements for paying the VAT due in respect of the private use of company cars is a long-standing issue, some of the subtleties of which were clarified early
As part of an administrative simplification, the thresholds for the filing of Intrastat declarations in Luxembourg have been increased as from the 1st January 2023 : To follow this news, do not hesitate to subscribe to our LinkedIn page https://lu.linkedin.com/company/vat-solutions For a tailor-made service on this subject, please contact us at info@vat-solutions.com
Bills of Law 8080 and 8083, both deposited with the Luxembourg Parliament on 12 October 2022, provide for decreases in VAT rates in Luxembourg. The Law dated 26th October 2022, has been published into the Memorial A534 on 26th October 2022. It notably provides for a temporary reduction in Luxembourg VAT rates as part of
The new article 70 bis of the Luxembourg VAT Law came into force on July 1, 2021. It imposes new VAT obligations to logistic companies. Who is concerned ? The concerned companies are the ones who operate a warehouse or a logistic storage platform in Luxembourg. Which goods are concerned ? These new obligations concern goods
As from 1st January 2021, the following changes must be taken into account for the filling of your Intrastat declarations : 1. Luxembourg : new mandatory data for dispatch Intrastat declarations for the shipment of goods from Luxembourg The following data will have to be communicated for the periods starting on 1st January 2021 :
On 31th January 2020 at midnight, the United Kingdom officially left the European Union. The transition period, which began on 1st February 2020, ends on 31st December 2020. New customs and VAT rules for trade with the United Kingdom come into force on 1st January 2021. For more details, please check out our Newsletter VAT’s
New VAT rules entered into force on 1st January 2020 concerning intracommunity transactions on goods.More information in our VAT’s New
New rules will come into effect on July 1st, 2021 for supply of electronic services and goods via the Internet. More information in our VAT’s New (update Q3 2020)
VAT’s New – brief VAT news New boxes are available in the VAT forms for the year 2019. They concern both periodic, annual and simplified annual declarations. These new forms are available on the eCDF website. Following boxes have disappeared : The boxes provided for old rates at 6, 12 and 15% : only the