Luxembourg Parliament Considers Bill to Amend VAT Law

The Luxembourgish Parliament (Chambre des Deputes) Nov. 3 accepted for consideration Bill No. 8339, to amend VAT law. The bill includes measures to: 1) expand the optional reverse charge mechanism that applies through Dec. 31, 2026, under EU Directive 2006/112 on the common system of VAT, to fight carousel fraud; 2) include in the expansion additional goods, such as mobile phones, tablets, headphones, electronic circuitry, and raw or semi-finished metals; 3) exclude 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 ...