- Luxembourg will increase the annual VAT registration threshold from €35,000 to €50,000 starting January 2025
- A new SME Special Scheme VAT threshold of €100,000 will be introduced for resident businesses
- Eligibility for the new thresholds and schemes is subject to specific criteria
- Luxembourg maintains a separate VAT registration threshold of €10,000 annually for intra-community supplies
- Businesses operating in Luxembourg or engaging in cross-border trade within the EU should review sales figures, understand reporting requirements, and consult with tax advisors to prepare for the changes.
Source: rtcsuite.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.
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