Quiz for Luxembourg operational / commercial business

Pseudo or Email

1) A company is a VAT taxable person

a. Because it holds a VAT number

b. Because it independently and usually carries out an economic activity

c. Because it’s a legal person

2) A VAT taxable person can recover on its Luxembourg VAT return

a. Luxembourg VAT

b. European VAT

c. Benelux VAT

3) A VAT taxable person must report its importations of goods

a. Based on the supplier’s invoice

b. Based on the customs import declaration

c. Based on transport documents

4) A VAT taxable person omits to report an intracommunity acquisition of goods. What is the risk ?

a. Nothing : the authorities cannot see the omission, unless they carry out a deeper audit

b. A fine, a tax adjustment and a denial of VAT deduction

c. The authorities will only ask him to file a corrective return

5) The simplified VAT return is reserved for the VAT taxable persons

a. Who have simple operations

b. Whose yearly turnover does not exceed 112.000 EUR

c. Who only carry out exempt activities without any VAT deduction right

6) The recapitulative statements for intracommunity delivery of goods must be filed

a. At the same time as the VAT return (same periodicity)

b. Quarterly, whatever is the value of the sold goods

c. Monthly, if the cumulative value of the intracommunity deliveries of goods for the last 3 months exceeds 50.000 EUR

7) The recapitulative statements for intracommunity services must be filed

a. At the same time as the VAT return (same periodicity)

b. Quarterly or monthly, at the choice of the VAT taxable person

c. Monthly, if the cumulative value of the intracommunity services for the last 3 months exceeds 50.000 EUR

8) The recapitulative statements for intracommunity services must include

a. All services supplied to a EU VAT registered business

b. The services supplied to a business who is VAT registered and established within the EU, that are not VAT-exempt in the country of the recipient

c. Only the services that have been effectively paid by the client

9) A sale of goods to a VAT taxable person who is established in Germany, and who provided a valid German VAT number

a. VAT exempt if the goods are transported out of Luxembourg by the seller, the buyer or on their behalf

b. Is VAT exempt as soon as the payment has been made

c. Is always VAT exempt

10) The services supplied by a US lawyer to a VAT taxable Luxembourg person

a. Are VAT exempt

b. Are out of scope of VAT, if they are paid from a foreign bank account

c. Are subject to Luxembourg VAT