Three VAT Things To Know Before New Year

December has rolled around... thankfully this means sweets and treats and some time off, but it also means that there are a couple of VAT items to make sure you're prepared for—because the year-end is just around the corner too.

Tune in every week until Christmas as we keep you updated on important tax information to know before 2017. And follow us on Twitter at @KPMGLuxembourg for daily tax updates! (Hashtags: #KPMGTax and #AdventCalendar).

First up is VAT. Here are three things you should know:

Last call for 2015 VAT returns

The legal deadline for your annual 2015 VAT return was 1 May 2016, but the Luxembourg VAT authorities grant an administrative tolerance of eight months, meaning that you have until 2 January 2017. If you thought you'd missed your chance, then you haven't... yet!