- Purpose of Draft Law: The draft law aims to amend the existing value-added tax (VAT) legislation from 12 February 1979 to align with recent EU directives.
- Transposition of EU Directives: It specifically seeks to transpose provisions from Council Directive (EU) 2020/285, which focuses on a special scheme for small enterprises, and Council Directive (EU) 2022/542, which includes additional amendments to the VAT system.
- Focus on Administrative Cooperation: The amendments also address improved administrative cooperation and information exchange related to the monitoring of the special scheme for small enterprises to ensure compliance with VAT regulations.
Source chd.lu
