- Proposed extension of the reverse charge mechanism in Luxembourg
- Amendment to article 61.3 of the VAT law
- Scope of the reverse charge mechanism to include certain goods
- Goods include mobile phones, integrated circuits, games consoles, tablet computers, laptops, headphones, and raw or semi-finished metals
- Value of transaction must exceed EUR 10,000 excluding tax
- VAT payable by taxable person if value of goods is below EUR 10,000, payable by taxable customer if above threshold
- Measure to combat VAT fraud based on non-mandatory provisions of Directive 2006/112/EC
Source: vat-solutions.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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