Our experts can help you manage the Luxembourg indirect tax aspects of your business in a steadily evolving European context.
Our experts can help you manage the Luxembourg indirect tax aspects of your business.
In Luxembourg, like in many countries, VAT and indirect taxes in general are a major and growing source of governmental revenue. These taxes, which can include VAT, customs, and excise duties, affect businesses greatly. Legislation and case law, for example, have become more complex, making it harder for businesses to comply with their indirect tax obligations, both in Luxembourg and abroad. Furthermore, an increasing number of companies face the challenges of an environment disrupted by the digital revolution. Ultimately, poor indirect tax management can affect cash flow, allow the over- or under-payment of tax, and trigger penalties for non-compliance.
Business processes are also becoming more automated, with technology playing a much greater role in the management of VAT. Getting these processes right is an important step, but finding the technologies to best fit your business requirements can be a challenge.
At KPMG, we have the tools, indirect tax knowledge, and team of experienced professionals to help your company meet its VAT compliance and administrative obligations and to provide advice adapted to your situation.
KPMG can help with:
Our team works closely with KPMG Global Indirect Tax professionals from KPMG’s member firms across the globe. We are able to mobilise international teams quickly and to provide you with responsive and consistent service anywhere around the world.
For more information on how we can help your business or indirect tax situation, or to set up a meeting, contact us today.