VAT - Practical Workshop

Upon successful completion of this course, the participant should know:

• The essential rights and obligations of a taxable person

• The VAT implications of certain management decisions and contract clauses

• How to prepare a VAT return and reconcile it with the accounts and the bulletins drawn up by the VAT administration

• The notions of tax litigation

Introduction

• History of VAT

• Sources of law

Overview of Luxembourg provisions

• Establishment of the tax

• Taxable transactions

• Chargeable event - exigibility of VAT - debtor

• Taxable amount

• Rates

• Exemptions

• Deductions

• VAT recovery by the Treasury

• Means of proof, control measures, procedures and remedies

• Penalties

• Requirements

• Enforcement rights and guarantees of recovery, lawsuits and proceedings

Practical cases addressing, among others, the following questions

• Creation, transfer or cessation of a business

• Rental, acquisition or construction of premises

• Current operations and adjustments

• Exports and intra-community transactions.

Managers of commercial companies, accountants.

 At the end of the training, the participants will receive a certificate of participation delivered by the House of Training.