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Luxembourg Enacts New Reporting Obligations for Payment Service Providers to Combat VAT Fraud

|Approved Changes|Luxembourg
Luxembourg

Luxembourg has published in the Official Gazette the Law of 26 July 2023, which amends the VAT Law for the implementation of new reporting obligations for payment service providers from 1 January 2024 as introduced by Council Directive (EU) 2020/284 of 18 February 2020 amending Directive 2006/112/EC as regards introducing certain requirements for payment service providers. As per Council Directive (EU) 2020/284, payment service providers offering payment services in the EU are required to m…

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