- Luxembourg Parliament has accepted a bill to amend VAT law
- The bill aims to expand the optional reverse charge mechanism to fight carousel fraud
- Additional goods such as mobile phones, tablets, headphones, electronic circuitry, and raw or semi-finished metals will be included in the expansion
- Goods under special regimes for gold investment and special profit margin taxation will be excluded from the expansion.
Source: news.bloombergtax.com
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.
Latest Posts in "Luxembourg"
- Luxembourg Issues New Circular Revising VAT Rules for Company Cars and Repealing Previous Guidance
- Luxembourg Issues New VAT Rules for Company Cars, Eliminates Professional vs. Private Use Distinction
- New VAT Circular Ends Professional/Private Use Split for Company Cars, Clarifies QM Case Law Application
- Circular No. 807-1 – Provision of Company Cars to Employees and VAT Implications
- Luxembourg VAT on Directors’ Fees: Impact of CJEU C-288/22 Ruling and District Court Decision
