On 31 July 2018, the Luxembourg parliament completed the approval process for the Bill amending the VAT Act for the introduction of a VAT group regime, which is generally unchanged from the original draft. Some of the main aspects of the VAT group regime are as follows:
- VAT groups may be formed by two or more domestic Luxembourg companies (including Luxembourg branches of foreign companies) that share financial, economic, and organizational links:
- A financial link generally exists where a c…