- Luxembourg implements reverse charge on B2B sales of mobile phones, tablets, and other high-value goods
- To prevent VAT fraud
- Introduced from 1 January 2024
- Applied to transactions exceeding €10,000 in value
- VAT registered businesses cannot charge VAT on supplies to other business customers
- Customers are responsible for accounting for VAT in their own returns
- Eliminates VAT payments between parties
Source: fiscalsolutions.co.uk
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.
