VAT Reporting update 17.12.1

January 13th, 2018

Overview This release is a maintenance release of the VAT Reporting application for December 2017. It includes new reports for 2017 yearly filings and changes for 2018 and bug fixes. Main changes in Reports The following countries have been released for 2018: CY, LV, NL, SI, CZ, GR (GREZ), FI, AT, DE, EE, HU, LU, …


Luxembourg loses 60% of e-commerce VAT

July 22nd, 2017

2017 Luxembourg government revenue figures have confirmed that the 2015 e-services EU VAT MOSS reform has cost the principality over 60% of its e-commerce revenues. The reforms shifted the B2C e-services place of taxation from the origin of the provider to the location of consumption – generally where the consumer is ordinarily resident.  Historically, many e-services providers – …


Luxembourg VAT liabilities

August 22nd, 2016

Luxembourg is planning to tighten responsibilities and liabilities on VAT fraud in a number of areas in a new law.  Potential changes include: Fines for non compliance will extend to up to €10,000 (currently €5,000) Criminal liability, which brings a potential prison term of up to 5 years, will be extended to VAT fraud Penalties …


Luxembourg stable after VAT MOSS losses

January 12th, 2016

Luxembourg has been given a positive review by a major credit rating agency on its handling of revenue losses following the 2015 B2C digital EU VAT changes. Prior to 2015, many digital services providers (e.g. Apple, Amazon, Skype, Microsoft, Netflix) had located their European businesses in Luxembourg so that they could benefit from the rule …


Luxembourg VAT 2015 changes

September 16th, 2014

A ranges of Luxembourg VAT compliance changes have been proposed, including: New measures to improve the VAT regime in tax free zones. This includes the elimination of potential double taxation on goods in VAT suspension released into a free zone. The supply of art and antiques is to be reclassified from the standard VAT rate …