On 15 July 2024, the Luxembourg Parliament (Chambre des députés) published a Draft Law n°8340 (the “Draft Law”) aimed at amending the Law of 10 August 2018 on the organisation of the indirect tax administration (Administration de l’enregistrement, des domaines et de la TVA).
The purpose of this Draft Law is to strengthen the fight against money laundering and the financing of terrorism, as well as the application of international financial sanctions. To this end, the Draft Law provides for the creation of a separate control office, entirely dedicated to the fight against money laundering, the financing of terrorism and the monitoring of the application of international financial sanctions, within the operational services of the indirect tax administration. Previously, the administration’s powers in the field of anti-money laundering and fight against the financing of terrorism were carried out by its anti-fraud department (service anti-fraude), which however also focuses on the detection and prevention of VAT fraud as well as on registration duties and insurance tax.
The creation of the dedicated control office is also intended to go hand in hand with the allocation of additional human resources to the indirect tax authorities in order to allow for an appropriate exercise of its supervisory functions with respect to professionals to whom it acts as a supervisory authority.
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