Aims of the course, history and definition of VAT, overview of the relevant legislation.
Notion of taxable person, general definition and special cases.
Notion of taxable operation, major concepts and special cases.
Determination of the place of supply, transport and installation, special cases.
- Place of supply: services
General rule and exceptions.
- Exemptions and VAT rates:
Overview of the main VAT exemptions and VAT rates in Luxembourg.
Determine the person responsible for VAT, notions of chargeable event and chargeability of the VAT, determination of the taxable basis.
Input VAT deduction right, prorata, regularization and foreign refund.
- Transactions involving goods:
Supplies of goods, simplifications, triangular transactions, consignment stock and carousel fraud.
Exemption, option for VAT, VAT liability and VAT recovery.
- Administrative procedures and compliance:
Administrative VAT obligations and overview of some practicalities.
Management of investment funds and financial services.