Luxembourg presents Bill to introduce VAT Warehousing |
20 May 2011, TMF Group
In addition to the existing available Import VAT deferment scheme, these free-zones will allow goods and commodity traders, to import, buy, store and sell their products under VAT suspension. As with other Member States operating such schemes, VAT will be payable at the time the goods are removed from the free-zone warehouses into free circulation in
The scheme will also cover services ancillary to the goods held in the free-zones, such as handling, storage and valuations. Click here to be kept up to date with Contact TMF VAT Services +44 (0)870 067 8881 |
