Luxembourg’s Proposal to Extend Reverse Charge Mechanism for Taxation

• Luxembourg is proposing to extend the reverse charge mechanism
• The reverse charge mechanism is a way to combat VAT fraud
• The proposal aims to extend the mechanism to certain goods and services
• The extension would require approval from the European Commission
• Luxembourg believes the extension would help reduce VAT fraud in the country

Source: research.ibfd.org

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.