Increase in arrivals and dispatches goods reporting threshold Luxembourg has hiked the annual thresholds for reporting the movement of goods from (arrivals) and to (dispatches) other EU member states. Arrivals: increased to €250,000 per annum from €200,000 Dispatches: increased to €200,000 per annum from €150,000
59% fuel inflation prompts reduction in VAT calculation Luxembourg enacted a cut in diesel fuel from 16 May 2022 until the end of the year. For certain uses, agricultural and industrial, it will only apply until the end of July 2022. The cut is effected
Early adopter of OECD Standard Audit File for Tax taxpayer data scheme Luxembourg introduced the Standard Audit File for Tax (SAF-T) in January 2011. It is known as FAIA (Fichier Audit Informatisé). It is a schema for the exchange of accounting and VAT transactional data between
Luxembourg is to raise its VAT rate from 15% to 17% on 1 January 2015. The principality’s Value Added Tax rate remains the lowest in the European Union – albeit joint lowest with Cyprus. The following changes are made to the reduced VAT rates: 6%
