Tax & Accounting
VAT – Circular 765-1 on VAT deduction
On 11 June 2018, a new circular (765-1) was issued by the Luxembourg VAT authorities (Administration de l’Enregistrement et des Domaines) in order to clarify the application of circular 765 issued on 15 May 2013 regarding the calculation of deductible input VAT for companies that have a partial VAT activity (i.e. an activity that is partially out of the scope of VAT). Our Grant Thornton Luxembourg Tax experts can help you.