Regulatory updates - Luxembourg
Compliance Alert - Temporary 1% VAT rate will expire on 1 January 2024
Luxembourg’s temporary 1% value-added tax (VAT) rate reductions effective throughout 2023 will expire on 1 January 2024.
Compliance Alert - VAT rates temporarily lowered to combat inflation
A verbal agreement across the government, employers and unions in Luxembourg has led to a temporary decrease in VAT rates in the jurisdiction.
B2G e-invoicing to become mandatory in Luxembourg
A new law was published in the Official Journal of Luxembourg on 13 December 2021, amending the law of 16 May 2019 on electronic invoicing in the B2G context.
Country Specifications
E-Invoicing/CTC Model:
- B2G Peppol - B2B: Post-Audit
Mandatory Infrastructure:
- B2G: Peppol - B2B: N/A
Mandatory Format:
- B2G: EN compatible, Peppol BIS - B2B: N/A
Mandatory for Issuing:
– B2G: Phased roll-out - Roll-out began on on 2022 and last group implemented on 18 March 2023 for small and newly created businesses of all sizes (15 months after the law's entry into force) – B2B: No explicit requirements
Mandatory for Receiving:
- B2G: All contracting authorities - B2B: Buyer's consent required
eSignature:
Not Required
Archiving Period:
10 years
Archiving Abroad:
Allowed under conditions
