- Luxembourg indirect tax authority released new VAT scheme for small businesses starting 1 January 2025
- Scheme aligns with EU Council Directive from 18 February 2020
- VAT exemption threshold set at 50,000 euros with a 10 percent tolerance up to 55,000 euros
- Small businesses in other EU member states can also benefit if they register for the cross-border exemption scheme in their country
- Luxembourg businesses can use the scheme in other EU states if their total EU turnover does not exceed 100,000 euros
- Luxembourg businesses must register through MyGuichet.lu and report their quarterly turnover in each EU member state
Source: pfi.public.lu
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.
