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Regulatory Reporting Obligations for Financial Companies in Luxembourg Financial companies in Luxembourg must comply with regulatory reporting obligations to the Banque centrale du Luxembourg (BCL). The purpose of this regulation is to guarantee the...
VAT rate Luxembourg 2024
VAT rates in LuxembourgAs from 1 January 2024, the temporary reduction in VAT rates in Luxembourg will no longer apply and the VAT rates will once again be 3, 8, 14 and 17%.As a reminder, as the rate of 17% is the default rate, the legislator has...
Reform of the ASBL regime
Reform of the ASBL regime On 23 September 2023, the Act of 7 August 2023 on non-profit associations (ASBL) and foundations came into force. This replaces the previous amended law of 21 April 1928. The main points to...
New law on establishment permits
New law on establishment authorisation On 1 September 2023, the law of 26 July 2023 amending the law of 2 September 2011 regulating the establishment authorisation applicable to the professions of craftsman, trader,...
Meal vouchers 2024
Meal vouchers: the new provisions from 2024 From 1 January 2024, major changes will affect meal vouchers for employees in Luxembourg. Below is a summary of the main points. Changes to the format...
VAT rate Luxembourg 2023
VAT rates in LuxembourgThis article is no longer applicable from 01/01/2024. The VAT rates applicable from 01/01/2024 can be consulted on our next page.Since 1 January 2023, a temporary reduction has been applied to VAT rates...
Social parameters in Luxembourg
Social parameters in Luxembourg Social parameters in Luxembourg have been revised upwards following the indexation of salaries applicable from 1 September 2023. Our article summarises the main social parameters applicable in Luxembourg....
The stages involved in setting up a company?
What are the steps involved in setting up a company? The steps involved in setting up a company will vary depending on the type of business. However, here is a summary of the main stages, some of which may not be required, such as...
Mandatory information on invoices?
What information must be included on invoices? In Luxembourg, invoices issued by a sole trader or a company must include various types of information, including legal and tax information. Mandatory VAT information on invoices
