Luxembourg Implements Reverse Charge on B2B Sales of High Value Goods to Prevent VAT Fraud

• Luxembourg implements reverse charge on B2B sales of mobile phones, tablets, and other high-value goods
• To prevent VAT fraud
• Introduced from 1 January 2024
• Applied to transactions exceeding €10,000 in value
• VAT registered businesses cannot charge VAT on supplies to other business customers
• Customers are responsible for accounting for VAT in their own returns
• Eliminates VAT payments between parties

Source: fiscalsolutions.co.uk

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.

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