Luxembourg Gazettes Law Amending VAT Law

The Luxembourgish Official Gazette Dec. 22 published law, amending the VAT law. The law includes measures: 1) including in the expansion additional goods, such as mobile phones, tablets, headphones, electronic circuitry, and raw or semi-finished metals; 2) excluding from the expansion goods under the special regime for gold investment, and the special profit margin taxation regimes for second-hand goods, works of art, antiques, collectors’ items, and antiques; 3) specifying that VAT is due by the taxable person on deliveries of the expanded goods, for invoices not exceeding 10,000 euros (US$11,032), without taking into account possible subsequent reductions in remuneration; and ...