The Luxembourg Chamber of Deputies is considering Bill 8406, which was submitted on 1 July 2024. The Bill amends the Value Added Tax Law to implement Council Directive (EU) 2020/285 of 18 February 2020, Council Directive (EU) 2022/542, and Regulation (EU) 904/2010, in relation to the special VAT scheme for small businesses, the application of reduced VAT rates, and the exchange of information on VAT payments.
Some of the key measures of the Bill concern the special VAT scheme for small busi…