Luxembourg’s VAT threshold for small businesses will be increased to €35,000
After EU approval Luxembourg is moving on to change the VAT threshold for small enterprises. Luxembourg is looking to decrease administrative burdens as this change will affect around 1.106 taxable persons which is close to 1.5% VAT registered persons in Luxembourg in 2017. As a result the process of collecting tax will be simplified and the compliance costs reduced.
Taxable persons will still be able to opt-in for the regular VAT arrangements as well as per article 290 of Directive 2006/112/EC.
Source: eur-lex.europa.eu