Luxembourg Ends Relief for Late VAT Returns
Luxembourg ended its relief for late submissions of value-added tax returns, according to a May 13 post from KPMG. The measure, originally issued to help industry cope with the COVID-19 pandemic, was ended May 12, KPMG said. All pending VAT…
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returns not yet submitted “need to be filed as soon as possible to avoid potential penalties,” the post said. A number of countries have introduced VAT relief measures to help companies mitigate impacts of the pandemic (see 2005050018, 2004240005, 2004030023, 2004030016 and 2004030022).