The simplified VAT regime for triangular transactions requires the reverse charge mention on the invoice from the outset. This article details the regime in Luxembourg, when the mention applies and the General Court ruling on late invoices.

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Odoo appeals to many companies in Luxembourg because of the wide range of features it offers. Accounting, invoicing, CRM, sales, purchasing, inventory management, human resources and project management can all be brought together within a single environment. Odoo is an ERP (Enterprise Resource ...

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In Luxembourg, selling a business transfers tangible and intangible assets via a written private agreement. This automatically transfers work contracts and lease conditions, although a new business license is required. Taxation covers corporate taxes and VAT rules for asset transfers.

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Under Luxembourg accounting rules, goodwill is governed by Article 59 of the amended Law of 19 December 2002. Goodwill may only be recognised as an asset if it has been acquired for consideration. Internally generated goodwill cannot therefore be recognised on the balance sheet. The statutory ...

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This article details when accrual accounting or cash accounting applies in Luxembourg, for direct taxation and for VAT, including the EUR 100,000 accounting threshold and the EUR 500,000 option for taxation on receipts.

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In Luxembourg, the concept of a self-employed worker extends beyond traditional categories such as traders, craftsmen, or liberal professionals operating in their own name. It also mandatorily applies to certain company directors, notably: Managers of private limited liability companies (SARL) ...

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