Luxemburg granted exemption from EU VAT Directive

Luxemburg has been granted derogation from the EU VAT Directive by the European Commission. This will allow it to increase the annual VAT registration threshold from 10,000 to 25,000 euro. The exemption will last until the end of 2016. However Companies who do not reach the sales threshold will still be able to apply for VAT registration.

Via Luxemburg granted exemption from EU VAT Directive | Meridian.

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