07 June 2018

Luxembourg to introduce a VAT group regime as of July 31

Luxembourg has proposed a Value Added Tax (VAT) group regime to be effective as of July 31. This follows the filing of draft bill n°7288 with Parliament on April 16, on the adoption of a VAT group regime in Luxembourg. The introduction of this regime comes following the decisions of the Court of Justice of the European Union on the inapplicability of the cost-sharing VAT exemption in the financial and insurance sectors.

An Indirect Tax Services group Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-1180