VAT - Application and Recent Evolutions

Managers of a company, accountants, and tax specialists seeking to acquire a methodology to ensure the correct application of VAT treatment to both routine and complex operations.

The training aims to offer a comprehensive understanding of Luxembourg VAT using the 5-question method. It delves into practical day-to-day concerns, covering key aspects like VAT registration obligations, taxable basis, triggering events, and tax liability. The program further explores exemptions, the right to deduction and reimbursement, and nuances in meeting invoices requirements and reporting obligations. Participants can expect an in-depth exploration of Luxembourg's VAT landscape, gaining practical insights into the intricacies of compliance and operational considerations.

At the end of the training, the participants will be able to:

• Identify VAT registration obligation
• Know key VAT concepts
• Determine applicable VAT treatment
• Read a VAT return

• The 5 questions to ask
• Taxable basis, triggering event, and tax liability
• Exemptions
• Right to deduction and reimbursement
• Invoices: mentions and retention
• Reporting obligations
• Means of proof, control measures, procedures, remedies, sanctions and statutes of limitations

At the end of the training, the participants will receive a certificate of participation delivered from the House of Training.