VAT - Practical Workshop

Managers of commercial companies, accountants.

Upon successful completion of this course, the participant should know:

• The essential rights and obligations of a taxable person
• The VAT implications of certain management decisions and contract clauses
• How to prepare a VAT return and reconcile it with the accounts and the bulletins drawn up by the VAT administration
• The notions of tax litigation

Introduction

• History of VAT
• Sources of law

Overview of Luxembourg provisions

• Establishment of the tax
• Taxable transactions
• Chargeable event - exigibility of VAT - debtor
• Taxable amount
• Rates
• Exemptions
• Deductions
• VAT recovery by the Treasury
• Means of proof, control measures, procedures and remedies
• Penalties
• Requirements
• Enforcement rights and guarantees of recovery, lawsuits and proceedings

Practical casesaddressing, among others, the following questions

• Creation, transfer or cessation of a business
• Rental, acquisition or construction of premises
• Current operations and adjustments
• Exports and intra-community transactions.

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