- Purpose of Draft Law: The draft law aims to amend the existing value-added tax (VAT) legislation from 12 February 1979 to align with recent EU directives.
- Transposition of EU Directives: It specifically seeks to transpose provisions from Council Directive (EU) 2020/285, which focuses on a special scheme for small enterprises, and Council Directive (EU) 2022/542, which includes additional amendments to the VAT system.
- Focus on Administrative Cooperation: The amendments also address improved administrative cooperation and information exchange related to the monitoring of the special scheme for small enterprises to ensure compliance with VAT regulations.
Source chd.lu
Latest Posts in "Luxembourg"
- Luxembourg – Intrastat thresholds for 2026
- E-invoicing: EU and Luxembourg considerations for businesses
- EU ViDA E-Invoicing: Key Changes and Luxembourg Implications for Cross-Border B2B Transactions
- VAT and Transfer Pricing: Scrutiny of Intragroup Services in the Banking Sector Intensifies
- Luxembourg Issues New Circular Revising VAT Rules for Company Cars and Repealing Previous Guidance
