VATupdate

Share this post on

Preparing for 2025: New VAT legislation changes coming in Luxembourg

The Luxembourg government has introduced VAT bill 8406, which proposes the implementation of two key European Directives starting from 1st January 2025. This legislation introduces important changes affecting various business sectors, including small enterprises, virtual events and the art industry.

Key changes include:

  • 1) Adjusting the place of supply rules for virtual events, making them taxable where the recipient is located. This aims to standardise the VAT treatment of virtual events across the EU.
  • 2) Allowing businesses offering virtual events in Luxembourg to utilise the One Stop Shop (OSS) system.
  • 3) Adjusting VAT rates for the art sector.

Source Innovate Tax


Click on the logo to visit the website


 

Sponsors:

VAT news
VAT news

Advertisements: