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Luxembourg VAT compliance 2013 update


Luxembourg VAT compliance 2013 update

Luxembourg has confirmed a range of VAT compliance changes this week which are to be implemented for 1 January 2013.  They include of number of changes as part of the implementation of the EU electronic VAT Directive.

The principle changes include:

  • Luxembourg is to implement all of the requirements of the EU e-invoicing directive
  • Electronic filing of VAT returns and intra-community sales lists will be compulsory.  There is an exception for businesses only filing returns on an annual basis.
  • The trigger for a VAT liability on receipt of payments has increase from  €300,000 to €500,000
  • The threshold for charging Luxembourg VAT on the supply of goods or services is to rise to €25,000

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.