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Luxembourg VAT Report for 2023

Jul 17, 2023 9:37PM edited Jul 17, 2023 9:38PM in Announcements

This notice applies to customers who have installed the International Tax Reports SuiteApp and your NetSuite account has a Luxembourg subsidiary.

What is Changing?

On August 22, 2023, the International Tax Reports SuiteApp version 3.127.0 will release the 2023 version of the Luxembourg VAT report. The VAT report will contain the following new boxes for reporting tax codes with the reduced rates of 16%, 13%, and 7%:

To report your transactions to the new boxes, you must use tax codes that have appropriate tax code properties. For more information, see Luxembourg Tax Code Updates for 2023.