This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Periodic VAT returns: Electronic submission now mandatory - 21/01/2013


Electronic submission of periodic VAT returns now mandatory - Reminder

As announced by the Luxembourg VAT authorities in September 2011, the electronic submission of monthly and quarterly VAT returns became mandatory on 1st January 2013.

Thus the January and 1st Quarter 2013 VAT returns can be submitted only electronically.

Deloitte’s VAT team has a great deal of experience with the online VAT reporting system and associated procedures and will be happy to place its knowledge at your disposal in order to assist you in this process and especially in submission of your first electronic VAT returns.

Allocation of housing used as the principal dwelling - Reduction of the maximum amount of the VAT benefit

As a reminder, the standard rate of VAT is 15%. In order to stimulate housing construction, the State has allowed for the creation and restoration of housing at the super-reduced rate of 3%, on the condition that it would be allocated to principal dwelling, either directly on its own behalf, or indirectly on behalf of a third party.

As from 1st January 2013, the maximum amount of the fiscal advantage has been reduced from 60,000.00 EUR to 50,000.00 EUR.

The threshold of 60,000.00 EUR continues to apply:

  • to works for which the application was made before 1st November 2012,
  • to works for which the application was made between 1st November 2012 and 1st  January 2013, on the condition that the effective commencement date is no later than 31 March 2013.

Beneficiaries of the small undertakings scheme

As from 1st January 2013, the supply of goods and the provision of services by a taxable person, for which the annual turnover before tax of the previous calendar year has not exceeded 25,000.00 EUR, benefits from a VAT exemption.

This threshold was previously set at 10,000.00 EUR.



Stay connected:
Get connected
Share your comments
More on Deloitte Luxembourg
Learn about our site

Recently published