Product Update 399: Enhancement to Value-Added Tax (VAT) Returns (Luxembourg Legislation)
As of 1 January 2010, new reporting requirements as well as new procedures for value-added tax (VAT) returns by European Union (EU) businesses have been introduced in Luxembourg.
In this enhancement, new VAT boxes and codes have been introduced. You can also submit the VAT return electronically or with a printed form. The printed form will be generated in a new layout and will also reflect the changes to the VAT boxes and codes.
The following have been implemented for VAT returns for the Luxembourg legislation:
Electronic XML VAT reporting
A new XML section has been added to the Value added tax screen. With this, you can submit VAT returns electronically by selecting the Export file check box. You also need to define the following information:
- File reference
– a code for each company provided by the Luxembourg government.
- Authentication code
– an authentication code provided by the Luxembourg government.
- Agent ID
– a national identity number of the declarant.
- Export directory
– a place in your system to store exported XML files.
Once all relevant information is defined and the Export file check box is selected, the XML file will be generated and exported to the export directory.
New VAT boxes and codes
As per the new requirements, new VAT boxes and codes have been introduced. VAT boxes and codes that are no longer used will be removed.
Changes to printed forms
The printed form for VAT returns will adopt the latest layout and the changes to VAT boxes and codes will be reflected in both the VAT return monthly and VAT return quarterly. To view the new forms, see
VAT return monthly and VAT return quarterly.
| Main Category: |
Support Product Know How |
Document Type: |
Release notes detail |
| Category: |
Release Notes |
Security level: |
All - 0 |
| Sub category: |
Details |
Document ID: |
20.761.620 |
| Assortment: |
Exact Globe
|
Date: |
10-05-2017 |
| Release: |
399 |
Attachment: |
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| Disclaimer |