Luxembourg

Circular 802: The threshold for VAT exemption for small businesses is raised from EUR 30,000 to EUR 35,000

26 December 2020

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The threshold for VAT exemption for small businesses is raised from EUR 30,000 to EUR 35,000.
In terms of VAT on housing, the age requirement for a property to benefit from the 3% VAT rate for renovations has been raised from twenty to ten years.
Electronic filing becomes compulsory for insurance tax, fire service tax and rescue service tax returns.
Cooperation with the Labour and Mines Inspectorate to combat VAT fraud is strengthened.

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